Ryan Cohen Promises to Cut Costs and Double Down on Profitability at GameStop Meeting
GameStop(GME) Investor Place·2024-06-18 02:56
GameStop (NYSE:GME) had initially planned on holding its annual meeting on June 13. However, a surge in demand led to a malfunction of its virtual webcast and a postponement to today, June 17. With the meeting now concluded and GME stock taking a beating today, let’s review the results.CEO Ryan Cohen kicked off the meeting by providing a statement on GameStop’s future and his opinion of the macroeconomic environment. He continued to echo his stance on cutting cuts and focusing on profitability.“Revenues wit ...