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Posted 9/28/2023, 10:26:52 AM

GameStop Names Billionaire Investor Ryan Cohen as New CEO

GameStop names Ryan Cohen as new CEO, effective immediately
Cohen is a billionaire activist investor who joined GameStop's board in 2021 during the meme stock craze
Cohen founded Chewy and bought a stake in GameStop in 2020, becoming known as the "king" of meme stocks
GameStop shares jumped nearly 10% in premarket trading after the announcement
Cohen will not receive any compensation as CEO, president, and executive chairman

cnbc.com

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