Chewy's Ryan Cohen Sees GameStop Rivaling Amazon Long-Term [Yahoo! Finance News]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance News
GameStop Corp (NYSE: GME) could be extending its e-commerce line beyond video games and related consumer electronics products if a plan put in motion by its largest individual investor is realized.What Happened: RC Ventures founder Ryan Cohen is in talks with the company management to poise itself as Amazon Inc's (NASDAQ: AMZN) rival in the e-commerce space, according to Bloomberg.Cohen holds about shares 10% in the video game company, making him the largest individual investor in the gaming company. Whereas BlackRock Institutional Trust Company (NYSE: BLK) and Fidelity Management & Research Company LLC are the leading institutional investors holding 15.31% and 14.72%, respectively.Although Cohen's plans are not yet made public, Bloomberg learned that the billionaire entrepreneur wants to expand GameStop's online retail business. It may also expand into the logistics of shipping its products directly to customers.In early September, CNN reported that the consumer electronics retailer
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- 4/4/24 - Form 8-K
- GME's page on the SEC website