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Michael Burry is betting big that GameStop CEO Ryan Cohen can become a Warren Buffett-type figure. Cohen has so far not made any investments comparable to Buffett's purchases of American Express or Coca-Cola.
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GameStop hopes to pull off a "very, very, very big" acquisition of a larger consumer company, its CEO Ryan Cohen told CNBC. Cohen did not say whether he would sell the company's bitcoin to try to pull off the deal.
GameStop shares rose Friday after CEO Ryan Cohen said the videogame retailer is looking to acquire a publicly traded company, a move that could boost its market cap—and his own compensation.
GameStop shares trade 81% below their 2021 high of $121, according to the Wall Street Journal.
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Billionaire Ryan Cohen said he is eyeing a major acquisition—and famed “Big Short” investor Michael Burry is cheering him on.
Robinhood CEO Vlad Tenev is advocating for the adoption of tokenized stocks as a way to modernize the U.S. equity market and help prevent another market disruption like the 2021 GameStop trading freeze, saying blockchain-based securities could provide greater trading continuity and resilience.
Michael Burry, of The Big Short fame, has been buying shares of GameStop (NYSE:GME) again, and it might have more to do with the low price of admission than anything else.
GameStop Corp. (NYSE: GME - Get Free Report) Director Lawrence Cheng bought 5,000 shares of GameStop stock in a transaction on Friday, January 23rd. The stock was acquired at an average price of $22.87 per share, for a total transaction of $114,350.00. Following the purchase, the director owned 88,000 shares of the company's stock, valued at
Spot silver prices have outshined gold lately, and analysts think the rally will continue until it looks more 'expensive' than the yellow precious metal.
Major stock indexes were mixed Tuesday on a busy day of earnings, with the S&P 500 rising to a record high but the Dow Jones Industrial Average falling as shares of UnitedHealth plummeted.
In 2021, Michael Burry helped ignite the meme stock frenzy by accumulating a 5% stake in GameStop ( NYSE:GME ) through his Scion Asset Management fund.
Insider buying may have slowed as earnings-reporting ramps up, yet the CEO of GameStop Corp.
GameStop draws renewed attention as Michael Burry buys shares, lifting GME and putting ETFs with exposure to the retailer in focus.
What began as a dramatic short squeeze in early 2021 has evolved into a persistent force in equity markets. Retail participation in U.S. equities has risen to nearly 20% of average daily trading activity, up from low single digits before Covid.
Ryan Cohen got involved in GameStop before its 2021 run. The company made Cohen CEO in 2023, and he has taken several actions to improve GameStop's operations.
An OG meme stock just got a vote of confidence from a famous investor.
In buying shares of GameStop, Michael Burry compared Ryan Cohen to Warren Buffett. Here's what Cohen told Barron's about his next plans for GameStop.
Michael Burry, the investor best known for profiting from his bet against the US housing market ahead of the 2008 financial crisis, said he has been buying shares of GameStop. He described the position as a long-term value investment rather than a renewed play on meme-stock volatility.