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Published 16 days ago

Will GameStop survive? Here's what its co-founder says

Summary by Fox Business

GameStop has faced an onslaught of challenges in recent years, given the rapidly evolving gaming industry landscape.Co-founder Gary Kusin, who has watched the company navigate turbulent times, including the infamous 2021 short squeeze orchestrated by Reddit users (it sent the stock soaring temporarily), says the company needs to cut its footprint until it can find a profitable path forward.CEO Ryan Cohen has "got to reduce the footprint of store…

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Will GameStop survive? Here's what its co-founder says

GameStop has faced an onslaught of challenges in recent years, given the rapidly evolving gaming industry landscape.Co-founder Gary Kusin, who has watched the company navigate turbulent times, including the infamous 2021 short squeeze orchestrated by Reddit users (it sent the stock soaring temporarily), says the company needs to cut its footprint until it can find a profitable path forward.CEO Ryan Cohen has "got to reduce the footprint of store…

16 days ago·United States

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