shockwave's User Avatar

@shockwave

in /business 11 days ago

GameStop starts 2026 by closing hundreds of stores as CEO gambles on $35B payday

GameStop starts 2026 by closing hundreds of stores as CEO gambles on $35B payday - Featured Image

GameStop starts 2026 by closing hundreds of stores as CEO gambles on $35B payday

www.polygon.com - faviconpolygon.com
TLDR

GameStop starts 2026 by closing hundreds of stores as CEO gambles on $35B payday. CEO Ryan Cohen is promised a $35 billion payout in stock options, contingent on GameStop's market cap reaching $100 billion and earnings hitting $10 billion. However, employees claim they were barely given notice about the closures, with some stores closing unexpectedly, even those performing well. As many as 296 stores may close, leaving customers with limited options for purchasing games.

4Score: 4

1 Comment