GameStop Shares Continue to Soar as Ryan Cohen Joins the Board

RC Ventures Adds Ecommerce Expertise to Gaming Retailer

Cohen's Vision for GameStop's Future

WEB Once Ryan Cohen, the founder of Chewy and Manager of RC Ventures, reached an agreement to join the company board in January 2021, GameStop shares have continued to surge. Cohen's appointment brings a wealth of ecommerce expertise to the gaming retailer, which has been struggling to adapt to the digital landscape.

Cohen is a self-made billionaire who founded Chewy, an online pet supplies retailer, in 2011. Under Cohen's leadership, Chewy grew rapidly and was acquired by PetSmart in 2017 for $3.35 billion. Cohen has since invested in a number of other companies, including Apple, Google, and Tesla.

Cohen's appointment to GameStop's board is seen as a sign that the company is serious about transforming its business. Cohen is known for his innovative approach to retail, and he is expected to bring his expertise to GameStop.

In a recent interview, Cohen said that he believes GameStop has the potential to be a "dominant player" in the gaming industry. He said that he plans to focus on improving the company's online presence and customer experience.

Cohen's appointment has been met with enthusiasm by investors. GameStop shares have risen more than 1,000% since Cohen joined the board. The company's market capitalization is now over $10 billion.

Conclusion

The appointment of Ryan Cohen to GameStop's board is a major development for the company. Cohen is a visionary leader with a proven track record of success in the retail industry. His appointment is a sign that GameStop is serious about transforming its business and becoming a dominant player in the gaming industry.