Gamestop fires CEO Matt Furlong. Stock down 18% after hours
(finance.yahoo.com)
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I thought things were going too well for Gamestop over the last month!
The GME apes will be delighted though because Ryan Cohen has been elected CEO and they love him.
I suspect the GME stock price will bounce up again in the next few days.
It's more like they hired Ryan Cohen to take his job.....
He's tweeted not for long.....
Yes I saw that
https://twitter.com/ryancohen/status/1666541652821917701
He's talking to us.
He's now in charge of capital allocation.
Bullish as fuk.
Yes indeed.
GME apes are just like anons, their mentality is NCSWIC, therefore everything is bullish because is gets you one step closer to victory.
Yes I also like it as a booby ape, gme could be buying up bobby.
That would suit me too fren!
Furlong is now free to run whatever company gme/ Cohen buys.
Edit his two year contract expired.
Thanks Pulte
Cohen is not the new CEO, he’s the Executive Chairman.. CEO != Executive Chairman. I keep seeing apes make this false claim on Reddit also.. apes and anons sure do know how to jump the gun on spreading false news lol
Chairman does NOT run the day-to-day operations.
If CEO is gone, then COO or VP or whatever their structure is would step in as the interim until a new CEO is hired.
sounds like a CEO… that doesn’t make it FACT. You are the classic Reddit Ape/Anon that trusts his own feelings over actual legit facts.. not everything is fake news, buddy. You need to stop calling people names and let the adults teach facts. Stay blessed, fren.
You sure do like to curse, don’t you little guy? Muh evil, muh glowie, muh hedgie shill, muh handshake account.. buddy, you sound like a broken record, fren. Imagine calling someone all these names because he was simply wrong on some trivial anonymous debate online.. yikes.. second hand embarrassment from the cringe and low IQ-ness lol.. which, I won the debate, you were wrong. It is over now. Good day to you, fren.
Board of Directors always "oversees" management.
Duh.
You are correct.
The Reddit tards don't have a clue how businesses are structured or operate -- but they sure do know how to "hodl" until bankruptcy!
GME has turned through some personnel (e.g. in the wallet team) but it seems to be more of a philosophy of "the employee has done their job, time to move on". They are not the middling "lifers" that you see at places like HP or IBM.
Maybe Furlong was brought on for his operational expertise. Get the existing business flowing smoothly and efficiently. Eliminate waste. Increase reliability. Etc.
Now Cohen can guide the company through the next phase. I expect him to move on from it eventually just like he did with Chewy.
If that was his job, then he fucked up BADLY.
Maybe all these in-and-out people are just saying to themselves, "Holy shit! This place is a mess! I'm out."
NFT's were a disaster.
Moving to brick and mortar has been a disaster.
The whole thing is a big mess, but liars on Reddit will pump and dump into anyone who is dumb enough to believe their bullshit stories.
They have been losing money for ... how many years now?
A lot.
They have enough cash to carry on, so they won't go bankrupt like BBBY did, but when will they start to ... oh, I dunno ... make a PROFIT?
That's kinda the point of business, after all ... unless they are into ESG shit, and I don't know if they are or not.
But with a leader like Ryan (((Cohen))) ... I would not bet against it.
I don't see it on their website now, but ...
Vanguard, Blackrock, and State Street are the 3 largest investors, so ... stay tuned for ESG.
Here's your deniable hint from the Q team that Gamestop figures in the plan:
u/#q4951
"Shall we play a game?" is a reference to the movie "War Games," not to this dogshit company.
It's the word "game" over the word "stop" which is the hint I think
OK. I think that's a big stretch, but ... carry on.
Does not change the fact that the company is a mess.
That day in the future when you say "I didn't get a chance to buy GME low" is a lie. No time to buy like right now.
The important thing to remember about investing in GME is that only two solutions are possible. Either this thing moons like nothing in history (because there are SO many synthetic shares already sold) or it goes down in flames because Wall Street cooks the books again (which proves that the "investment" business does not exist and it is simply the largest Ponzi scheme ever). Either way is fine with me, I'd be happy to have lots of money or the destruction of the Ponzi game for my small investment.
That's how I see it too fren.
Great opportunity to DCA
Most apes are quite happy to see the price low as it allows them to collect more.
They are not going to stop buying till the float is fully registered.
Oh, nose. You mean the $100 I invested purely for entertainment purposes a while back when Wall Street Slimeballs were trying to short GS is gonna take a dive? Oh, well. LOL!
The cabal has lots of money in hedge funds and short squeezes look to be a white hat plan to transfer that money away from them towards some retail investors.
Could be.
WallStreetApes is awesome.