'Roaring Kitty' says GameStop to benefit from 'Ryan Cohen and crew'

Ryan Cohen has taken on multiple roles and responsibilities as the new CEO of GameStop. In September 2023, he assumed the positions of Chief Executive, Chairman, and President of the company. Cohen is also the company's largest individual investor through his holding company, RC Ventures, which holds about a 12% stake in GameStop. In his role as CEO, Cohen is expected to guide the company through its ongoing transformation and attempt to modernize the business. He will be in charge of capital allocation and will oversee the management team. Despite taking on these multiple roles, Cohen will not be receiving a salary for his work as the CEO, President, and Chairman of GameStop.

During his YouTube livestream, Keith Gill, also known as 'Roaring Kitty,' described the current transformation stage of GameStop as being driven by CEO Ryan Cohen and his team. Gill believes that GameStop has entered a "transformation stage" and his bet on the company's success is largely based on the management abilities of Cohen and his crew. He mentioned that there might be an ongoing debate about how people feel about Cohen and whether he can successfully transform the business, but Gill seems to have faith in Cohen's capabilities.