That’s how much Ryan Cohen, who bought a stake in GameStop last year with the project of turning towards online sales more, has seen his net worth grow just on GME.
Tons of publicity leading up to a PS5 delivery today. What would it take to make GameStop compete with the likes of Amazon? An extra few billion in valuation can’t hurt.
In reality the stock would tank as he tried to realise that position, the order book is nowhere near that strong. I doubt he could get more than ~$250mm for his holdings.
Over $1.2 billion dollars.
That’s how much Ryan Cohen, who bought a stake in GameStop last year with the project of turning towards online sales more, has seen his net worth grow just on GME.
Tons of publicity leading up to a PS5 delivery today. What would it take to make GameStop compete with the likes of Amazon? An extra few billion in valuation can’t hurt.