Reported about 1 year ago
GameStop's CEO Ryan Cohen stated the company's focus on achieving profitability and avoiding hype during the annual shareholder meeting. Despite efforts to pivot the company to a digital storefront for game releases, GameStop's software revenue declined, leading to closures of stores and layoffs. The company raised over $3 billion in share sales amidst a stock rally, but challenges remain in managing the business's decline while seeking new opportunities to remain profitable.
Source: YAHOO