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GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide.
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further.
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- Early Life
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Cohen was born to a Jewish family in Montreal. He never attended college, citing his father, who ran a glassware company, as his primary inspiration in pursuing an entrepreneurial route.His father died in December 2019.
At the age of 15, Cohen started his first business collecting fees off referrals to various e-commerce sites. In 2011, at the age of 25, Cohen founded Chewy under its original name of MrChewy. Cohen says his inspiration for picking the pet category came from his experience shopping for his poodle Tylee. He cites his father Ted, who ran a glassware ...
Cohen was named in a federal lawsuit on August 24, 2022 for an alleged fraudulent scheme to artificially inflate the price of Bed Bath & Beyond's publicly traded stock in a pump and dump. The suit alleges Cohen conspired with company CFO Gustavo Arnal to release "fraudulent and misleading SEC filings". It claims damages of $1.2 billion in a class a...
Ryan Cohen on TwitterGary Kusin. Gary M. Kusin (born 1951 in Texarkana, Texas) is an American entrepreneur best known as the founder of GameStop. [1] [2] Biography. Kusin was born in Texarkana, Texas in 1951, and graduated from Texas High School in 1969. It was at that graduation ceremony where he introduced himself to Ross Perot, and later became his mentor. [3] .
GameSpot is an American video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady and Jon Epstein.
Game Informer (GI)[a] is an American monthly video game magazine featuring articles, news, strategy, and reviews of video games and associated consoles. It debuted in August 1991 when video game retailer FuncoLand started publishing an in-house newsletter.[2][3] The publication is now owned and published by GameStop, who bought FuncoLand in ...
It explores the causes that lead to the 2021 GameStop short squeeze, and the dark underbelly of Wall Street that the phenomenon unearthed: payment for order flow, creative accounting, abuses of the short selling mechanism like naked short selling, corporate .
