Redditors, Ryan Cohen Needs Your Help To Return GME Stock To $ 500
In 2015, the Financial Times joked that RadioShack, a struggling physical electronics chain, should consider selling fruit baskets or turning its stores into Zumba studios to survive. The retailer had ignored the threat of e-commerce for so long that few believed it could survive. Two years later, RadioShack was hardly more. Source: TY Lim / Shutterstock.com Today’s GameStop (NYSE: GME) action is at a similar stage. Since the early 2010s, senior executives at GME have been treating the retailer like drunks in an open bar – handing out a princely dividend to shareholders (and stock options to themselves) while reducing reinvestment in aging stores. But then something happened: a group of private investors, …
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