Although analysts are skeptical, GameStop CEO Ryan Cohen still plans to transform the $11 billion market cap company into a business worth over $100 billion by acquiring a publicly traded consumer goods or retail company. Cohen's compensation package includes stock options worth over $35 billion, contingent upon the company's market cap reaching $100 billion and cumulative EBITDA hitting $10 billion. While investor Michael Burry has expressed support, Wedbush Securities' Michael Pachter is highly skeptical, believing that apart from the company's cash reserves, GameStop lacks other unique competitive advantages.
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Although analysts are skeptical, GameStop CEO Ryan Cohen still plans to transform the $11 billion market cap company into a business worth over $100 billion by acquiring a publicly traded consumer goods or retail company. Cohen's compensation package includes stock options worth over $35 billion, contingent upon the company's market cap reaching $100 billion and cumulative EBITDA hitting $10 billion. While investor Michael Burry has expressed support, Wedbush Securities' Michael Pachter is highly skeptical, believing that apart from the company's cash reserves, GameStop lacks other unique competitive advantages.