GameStop’s Latest Amazon Hires Prove It’s More Than a Meme Stock
With its latest senior-management appointments, GameStop now has a fully revamped executive team, a solid plan and plenty of capital to transform its business.
GameStop is proving the naysayers wrong with strong growth and a plan.
Photographer: Bloomberg/BloombergGameStop Inc. has been best known lately for the excitement it has generated with the Reddit crowd, and as one of the first of the big meme-stock winners. But for those willing to take a deeper look, there is something more going on: Its promised transformation is taking shape and making significant progress.
On Wednesday, the video-game retailer filled out the remaining key openings for its senior-management team by hiring a new chief executive officer and chief financial officer — both from Amazon.com Inc. GameStop also reported strong earnings and revealed a plan to raise more capital. Most of the hard work is still ahead, but these are all big positives.