Core Viewpoint - Tesla shareholders have approved a substantial pay package for CEO Elon Musk, contingent on achieving specific financial goals, which GameStop is now emulating with a similar performance award for CEO Ryan Cohen [1] Group 1: Compensation Structure - Ryan Cohen's compensation plan does not guarantee salary, cash bonuses, or stock vesting, but he could earn tens of billions if he meets growth targets [2] - GameStop plans to grant Cohen stock options to purchase over 171.5 million shares at $20.66, potentially worth over $3.5 billion [3] - To receive the full award, GameStop must achieve $10 billion in EBITDA and a market cap of $100 billion, making Cohen's award worth over $35 billion at that level [3] Group 2: Financial Performance - GameStop generated approximately $136 million in EBITDA through the first ten months of 2025, with a current market cap of about $10.3 billion [4] - Portions of Cohen's incentive will vest upon reaching specific thresholds, such as a $20 billion market cap and $2 billion in EBITDA for the first tranche [4] - GameStop has improved its financial profile by reducing its physical store presence and expanding its collectibles business, which now accounts for nearly 28% of total revenue [5] Group 3: Business Challenges - The software business, which sells new and pre-owned video games, has experienced a significant decline, while hardware sales are also decreasing but at a slower rate [6] - Despite these challenges, GameStop has seen improvements in operating cash flow, EBITDA, and earnings this year [6] Group 4: Leadership Background - Ryan Cohen became involved with GameStop prior to its 2021 surge and was appointed CEO in 2023, implementing various operational improvements [7] - GameStop's board aims to incentivize Cohen to significantly increase the stock value [7]

Core Insights - GameStop Corp. is currently in the spotlight due to a trade-in loophole and significant insider buying by CEO Ryan Cohen [1] Infinite Money Glitch - A YouTuber exposed a loophole involving the Nintendo Switch 2 that allowed customers to gain store credit by trading in the console [2] - Customers could buy a Nintendo Switch 2 for $414.99 and trade it back in with a cheap pre-owned game, triggering a promotional multiplier [2] - This promotion erroneously increased the trade-in value of the console to $472.50, resulting in a profit of approximately $57 per cycle [3][4] Company Response - GameStop confirmed the existence of the glitch and stated that it has been patched, emphasizing that their stores are not intended to function as "infinite money printers" [4] Insider Buying - CEO Ryan Cohen purchased 1 million shares of GameStop this week, with 500,000 shares bought on Tuesday and another 500,000 on Wednesday at an average price of about $21.40 [5] - This $21 million investment increases Cohen's total stake in GameStop to approximately 9.3%, or 42.1 million shares [6] - Cohen's buying activity has positively impacted investor sentiment, leading to a 10% increase in the stock price for the week [6] Market Sentiment - The anniversary of Keith Gill, known as "Roaring Kitty," has sparked nostalgia and discussions on social media, contributing to the meme stock status of GameStop [7] - The combination of the trade-in glitch and Cohen's significant purchases has reinforced GameStop's position in the meme stock market [7]

Half a decade has passed since the GameStop upheaval that threatened to destabilize the global financial system. Despite the passage of time, the potential for a similar crisis still exists, warns Thomas Peterffy, founder and chairman of Interactive Brokers.The GameStop event, characterized by retail investors inflating the stock price of the ailing video game retailer, had the potential to trigger a financial crisis. Peterffy explained that if the investors who had purchased GameStop shares on margin had o ...

Crypto watchers are speculating that video game retailer GameStop (GME) might be the latest firm to abandon its bitcoin (BTC) treasury after moving all its coins to Coinbase this week. Blockchain analytics firm CryptoQuant spotted on Friday that a wallet labeled GameStop had transferred all its stash – some 4,710 BTC, worth about $420 million at current prices – to Coinbase Prime, the U.S.-based crypto exchange's institutional arm. Blockchain data by Arkham Intelligence confirms the transfers. GameStop b ...

Core Insights - GME stock price increased by over 6% on Thursday, indicating positive investor sentiment regarding the company's ongoing turnaround [1] - Ryan Cohen, the Chief Executive Officer, demonstrated confidence in the company by purchasing 1 million shares [1]

GameStop Corp. (NYSE:GME) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen. GME stock is climbing. See the chart and price action here. Infinite Money GlitchYouTuber RJCmedia exposed a trade-in loophole involving the newly released Nintendo Switch 2 that allowed customers to essentially print store credit.The exploit was remarkably simple: a customer would purchase a new Nintendo Switch 2 for $414.99. By ...

Core Viewpoint - GameStop Corp shares are experiencing an upward trend following CEO Ryan Cohen's recent open market stock purchases, indicating potential investor confidence in the company's future performance [1][3]. Group 1: Stock Purchases - Ryan Cohen purchased 500,000 shares of GameStop stock on Wednesday, following a similar purchase of 500,000 shares on Tuesday, increasing his total stake to 9.3% [2][3]. - Cohen's total ownership now stands at approximately 42.08 million shares of GameStop stock [3]. Group 2: CEO's Rationale - Cohen believes it is essential for the CEO of a public company to buy shares with personal funds to align with stockholders, stating that any CEO who fails to do so should be dismissed [4]. Group 3: Compensation Package - GameStop recently introduced a new compensation package for Cohen, linked to achieving a $100 billion market cap and $10 billion in cumulative performance EBITDA, which could grant him stock options for approximately 171.5 million shares at $20.66 each [5]. Group 4: Market Activity - GameStop stock saw about 8.20 million shares traded on Wednesday, significantly above the average session volume of 5.99 million shares, reflecting renewed investor interest [7]. - As of the latest trading, GameStop shares were up 3.02% in after-hours trading, priced at $22.34 [7]. Group 5: Technical Indicators - GameStop is currently trading 5.7% above its 20-day simple moving average but 2.4% below its 100-day simple moving average, indicating short-term strength with longer-term resistance [8]. - The Relative Strength Index (RSI) is at 46.61, considered neutral, while the Moving Average Convergence Divergence (MACD) is above its signal line, suggesting a bullish trend [8].

Group 1 - GameStop is shutting down approximately 30 stores in New York as part of a nationwide closure affecting at least 470 locations by the end of the month [1][5] - The closures in New York include multiple locations in New York City, with specific stores in the South Bronx and Brooklyn set to close [2][5] - The nationwide shutdowns are part of GameStop's fiscal year-end strategy, with significant closures also occurring in Texas, Florida, Pennsylvania, and California [5] Group 2 - GameStop has closed 590 stores nationwide in the previous fiscal year, leading to over 1,000 total closures in about two years [5][7] - The company, which once operated more than 6,000 stores globally, is expected to have fewer than 2,000 locations remaining after the January closures [7] - In a recent filing, GameStop indicated plans to close additional stores during fiscal 2025 as part of an optimization review [7] Group 3 - GameStop's most recent quarterly earnings report showed a decline in net sales to $821 million from $860 million year-over-year, while net income increased to $77.1 million [10]

Core Viewpoint - GameStop is undergoing a significant nationwide store closure initiative, shutting down over 470 locations, including 30 in New York, as part of a broader strategy to optimize its store portfolio and address ongoing challenges in its brick-and-mortar business [1][5][13]. Group 1: Store Closures - GameStop is closing more than 30 stores in New York, affecting various regions including New York City, Long Island, and upstate areas [1][4]. - The closures are part of a national retrenchment, with plans to close stores across 43 states by the end of the month, marking one of the most aggressive retail pullbacks in the company's history [5][6]. - The company has already closed 590 US stores in the previous fiscal year, bringing the total closures to over 1,000 locations in approximately two years [6][8]. Group 2: Financial Performance - GameStop's recent quarterly earnings report indicated a decline in net sales to $821 million from $860 million year-over-year, although net income improved to $77.1 million [13]. - The company is planning to close a "significant number of additional stores" during fiscal 2025 as part of its ongoing store portfolio optimization review [13]. Group 3: Historical Context - GameStop became a prominent name in finance during the 2021 meme-stock frenzy, which temporarily boosted its stock price and provided the company with renewed attention and capital [14][15]. - Despite the initial surge in interest and capital, the long-term challenges facing its physical retail operations remain unresolved [15].

A GameStop in Hollywood in 2021. (Dania Maxwell/Los Angeles Times) GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is easier to get online. It has been shrinking its brick-and-mortar retail footprint for years to lower costs and has reportedly shut dozens of branches in California. An unofficial blog tracking store closures estimates that more than 400 GameStop locations ...