GameStop's potential new strategy: Let Ryan Cohen buy other stocks with company cash
Publishing timestamp: 2023-12-07 12:32:22
Summary
GameStop announced that its CEO and chairman, Ryan Cohen, will have more control, including the ability to use company cash to buy other stocks. This comes as GameStop's attempted turnaround is facing challenges, with a decrease in net sales and turnover among executives. The article also mentions the criticism from analysts and the fact that Ryan Cohen is a celebrity investor for retail traders.
Sentiment: MIXED
Keywords: breaking news: investing, investment strategy, breaking news: business, breaking news: markets, business news, gamestop corp, chewy inc, retail industry, markets,