Shares of GameStop are plunging before the opening bell after the company fired CEO Matthew Furlong, the former Amazon executive that was brought in two years ago to turn the struggling video game retailer around.
The company gave no reason for the dismissal and named Ryan Cohen, the company’s biggest investor, as executive chairman. Cohen sent a crypticGameStop said Cohen will oversee investment and management of the company.Furlong was named GameStop’s CEO in June 2021 with the mandate of heading the company’s digital remake. He had been the executive that oversaw Amazon’s Australia business and spent nine years with the company.
Cohen began snapping up large stakes of GameStop at a time when the Grapevine, Texas, company was being buffeted by new technology. Gamers no longer needed GameStop because they were downloading games, rather than buying digital discs.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
GameStop shares plummet after firing CEO: ‘Like Elon Musk running Twitter’The company also posted its fourth consecutive fall in quarterly revenue and missed market estimates.
Consulte Mais informação »
GameStop shares slump after CEO firing and other stocks on the moveHere are some of the biggest movers of Thursday.
Consulte Mais informação »
GameStop shares plummet after fifth CEO exit in 5 yearsGameStop sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business.
Consulte Mais informação »
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.
Consulte Mais informação »
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.
Consulte Mais informação »
GameStop Fires CEO, Names Investor Ryan Cohen Executive ChairmanGameStop has named billionaire investor Ryan Cohen as its executive chairman and fired CEO Matt Furlong
Consulte Mais informação »