"GameStop has been in hot water for some time now. But the company's CEO, Ryan Cohen, should come away relatively unscathed , because, thanks to we now know he will score a $35 billion payout if the storefront hits a $100 billion market cap. One small issue: that's about 10 times its current value. How is Cohen planning on getting it there? Thanks to a , we know that he intends to close hundreds of stores and to offer customers a 20 percent trade-in bonus via a QR code."
"Although we don't have concrete numbers on exactly how many stores have been shut down, a post on a blog that tracks GameStop closures reports that close to 400 stores have either already been closed this month or are set to be closed before the month is over. The trade coupon, meanwhile, was shared on the official GameStop Reddit page by a user who posted their frustration about the closure of their local store,"
Ryan Cohen could receive about $35 billion if GameStop reaches a $100 billion market cap, roughly ten times its current value. Cohen plans to close hundreds of stores and offer customers a 20 percent trade-in bonus via a QR code. Close to 400 stores have been closed or are slated to close this month, and GameStop closed 590 stores in 2024. The company plans to close a significant number of additional stores in fiscal 2025, which ends January 31, 2026. GameStop has exited operations in Austria, Ireland, and Switzerland and scaled back in Germany and Italy.
Read at Kotaku
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