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Benzinga
Benzinga
Business
Chris Katje

GameStop CEO Is 'Not Scared Of The Short Sellers,' Calls It Un-American To Bet Against Business 'But It's A Free Market'

GameStop Ryan Cohen Gamestop Corporation GME Bitcoin short squeeze
GameStop Store

Video game retailer GameStop Corporation (NYSE:GME) was involved in one of the most famous short squeezes of all time, but the short sellers betting against the stock aren't scaring away investor and CEO Ryan Cohen.

What Happened: Cohen disclosed a 9% stake in GameStop in August 2020 and later increased his stake in the company to 13% later that year. The former Chewy founder became chairman of the company in June 2021 and was announced as CEO in September 2023.

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