Five years after the short squeeze, GameStop's CEO is betting on a ‘genius or totally foolish' $100 billion-plus acquisition [Yahoo! Finance]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance
investors thwarted hedge funds' shorts on the company stock, sending the company's stock skyrocketing. There was even a movie about it. But its eccentric, some would say visionary, is back with a plan that he thinks could rival the wild days of half a decade ago. Despite that selloff, the company's CEO Ryan Cohen said in an interview with The Wall Street Journal he's aiming to turn the $11 billion company into a $100 billion-plus business via an acquisition of a publicly traded company. The billionaire envisions the company extending beyond its standard video game and collectible sales. “It's ultimately either going to be genius or totally, totally foolish,” Cohen told The Journal. In a world where physical video games are swiftly becoming antiquated, the move signals the company's desire to modernize. The fervor over the company in 2021, which sent the struggling video retailer's stock up 2,700%, was inspired in part by hedge funds and retail investors' understanding that the c
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News
- 3 Profitable Stocks That Fall Short [Yahoo! Finance]Yahoo! Finance
- GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold [MSNBC.com]MSNBC.com
- Market Chatter: GameStop Will Acquire 'Big' Public Consumer Company, CEO Ryan Cohen Says [Yahoo! Finance]Yahoo! Finance
- GameStop's Ryan Cohen eyes ‘very big' consumer megadeal that could increase company's value tenfold [CNBC]CNBC
- Five years after the short squeeze, GameStop's CEO is betting on a ‘genius or totally foolish' $100 billion-plus acquisition [Fortune]Fortune
GME
Earnings
- 9/9/25 - Beat
GME
Sec Filings
- 1/26/26 - Form 4
- 1/23/26 - Form SCHEDULE
- 1/22/26 - Form 4
- GME's page on the SEC website