
GameStop (GME) has been one of the more popular stocks on Wall Street for the last several years, going back to 2021 when a short squeeze and the r/WallStreetBets army on Reddit (RDDT) made meme stocks something to watch.
Ryan Cohen, the co-founder of Chewy (CHWY), took over as CEO in an attempt to reinvent the company. Cohen slashed spending, closed hundreds of stores, invested in Bitcoin (BTCUSD), and eliminated long-term debt to return the company to profitability.