executive and appointed billionaire Ryan Cohen as executive chairman, sending the company's shares down more than 20% in aftermarket trading.
Since Furlong's appointment was announced, GameStop shares have lost over half of their value and have fallen about 65% since June 2021.for $3.5 billion in 2017, has been serving as GameStop chair since 2021. He is also a majority shareholder of the Texas-based company.Cohen, according to people close to him, is very hands on with GameStop's operations and is a demanding boss.
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