GameStop CEO: Focus on profitability and avoid extreme stock price fluctuations due to "hype"

ChainCatcher news, according to Bloomberg, GameStop CEO Ryan Cohen stated at the annual shareholders' meeting on Monday that he is focused on making the struggling video game retailer profitable and plans to avoid extreme stock price fluctuations caused by "hype." Cohen emphasized that revenue without profit and future cash flow prospects is meaningless to shareholders, and he plans to reduce the store network while expanding the variety of high-value products.

Notably, the return of meme stock trader Keith Gill and mysterious posts drove GameStop's stock price to surge 167% for a time, adding $11 billion to its market value. However, the stock price fell 13% on Monday afternoon. Game industry analysts pointed out that GameStop's challenge lies in how to maintain profitability while scaling back its store operations and finding new growth points to offset declining sales.