from Amazon, where he oversaw the e-commerce giant’s business in Australia. He was one of several former Amazon executives Cohen brought in to accelerate a digital transformation for the company., after cutting jobs and closing brick-and-mortar stores. It had struggled for years before that to adjust as game sales increasingly shifted online.
The company had been expected to benefit from a wave of video game releases, including Nintendo’s new and wildly popular. The game launched May 12 and sold more than 10 million units worldwide in its first three days.. He began buying up GameStop shares in 2020 and eventually ousted the management team and brought in his own hires, including Furlong.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GameStop fires CEO, names Ryan Cohen executive chairmanGameStop fired its CEO and appointed Ryan Cohen as executive chairman just months after the company reported its first quarterly profit in two years.
Source: CNBC - 🏆 12. / 72 Read more »
GameStop fires CEO, elects Ryan Cohen as executive chairmanGameStop fired its chief executive on Wednesday and said that its board had elected Ryan Cohen as its executive chairman, effective immediately.
Source: MarketWatch - 🏆 3. / 97 Read more »
GameStop Fires CEO, Names Investor Ryan Cohen Executive ChairmanGameStop has named billionaire investor Ryan Cohen as its executive chairman and fired CEO Matt Furlong
Source: WSJ - 🏆 98. / 63 Read more »
GameStop fires CEO, elects Ryan Cohen as executive chairman; stock plungesGameStop fired CEO Matthew Furlong on Wednesday and said that its board had elected activist investor Ryan Cohen as its executive chairman, effective immediately.
Source: MarketWatch - 🏆 3. / 97 Read more »
GameStop fires its CEOMatthew Furlong has been terminated “without cause.”
Source: verge - 🏆 94. / 67 Read more »
Stocks making the biggest moves premarket: Netflix, Tesla, Coinbase, GameStop and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »