Lauren Thomas
๐ค SpeakerAppearances Over Time
Podcast Appearances
Shares of GameStop were up 134% today, continuing an unlikely rally.
Ryan Cohen became part of this community and really spoke to this community of people that started rallying behind him, and he kind of became the chosen one.
Under Ryan Cohen's leadership, GameStop has shuttered thousands of stores, you know, in malls all across the U.S.
And so, you know, when you talk to Ryan, it's all about cutting costs, you know, getting the business profitable again, where it's producing cash flow.
But that is probably in part, you know, why Ryan Cohen is looking to do something big because he, you know, from his perspective, he needs to make big moves, possibly pursue a big deal in order to keep growing the business.
So in talking to Ryan Cohen, he's laid out the case for why he wants to do this deal.
He told me, you know, this is a company that he thinks could not just be worth 50, 56 billion dollars, but it could be worth hundreds of billions of dollars if he was running it.
Now that this has started to get out, like maybe there's like some negative, like criticism out there.
Oh, how does he pull this off?
How would you respond to that?
And Ryan Cohen has said eBay's a great company and they've got a lot going for them.
I think he just thinks they're not doing enough.
And so I think he views it as a great digital platform where he could get in, you know, get his hands dirty.
And it's a starting point to build something much larger than what it is.