ReadR


Discover Content : Trends

Discover real-time trending topics, hashtags, and content from different countries.

Top Countries

Select Country:🌐

Worldwide 🌍 | Nigeria 🇳🇬 | South Africa 🇿🇦 | Kenya 🇰🇪 |

See all other continents,locations, categories and associated headlines or trending informations here using;

America:
Canada 🇨🇦 | United States 🇺🇸

Africa:
Algeria 🇩🇿 | Egypt 🇪🇬 | Ghana 🇬🇭 | Kenya 🇰🇪 |Morocco 🇲🇦| Nigeria 🇳🇬 | South Africa 🇿🇦 |

Middle East:
Turkey 🇹🇷| Cyprus 🇨🇾 |

Europe:
Finland 🇫🇮| Hungary 🇭🇺 | Italy 🇮🇹 | Slovakia 🇸🇰 | Switzerland 🇨🇭 | United Kingdom 🇬🇧

Asia:
China 🇨🇳 |

Show more
Show less

Headline : GameStop fires its CEO

Read more from the original article on here at www.theverge.com.




Tags : #gamestop #fires #ceo


No. of Paragraph 11

By Jay Peters, a news editor who writes about technology, video games, and virtual worlds. He’s submitted several accepted emoji proposals to the Unicode Consortium.

GameStop has fired CEO Matt Furlong, the company announced as part of its first quarter 2023 earnings on Wednesday. There’s no immediate replacement, though board chairman Ryan Cohen has been appointed executive chairman, the company said in a short press release about Furlong’s firing.

Cohen, who founded the e-commerce site Chewy, has invested in a number of “meme stocks,” including GameStop and Bed Bath & Beyond. His surprise sale of Bed Bath & Beyond stock in 2022 raised eyebrows and led to at least one lawsuit accusing him of pumping and dumping the stock. His initial investment in GameStop back in early 2021 led to an enormous rise in the stock and contributed to its status as a memestock beloved by the Reddit sub r/wallstreetbets.

Matthew Furlong was fired on June 5th without cause, the company wrote in the 10-Q. Furlong started at GameStop in June 2021 — which was after the beginning of the chaos with GameStop’s stock price — and he oversaw things like GameStop’s move into NFTs and layoffs at the company.

Read more from the original article on here at www.theverge.com.


Related Headlines : GameStop fires its CEO (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.