GameStop, the largest retailer dedicated to videogames, is reportedly shutting down hundreds of stores in the United States.
The reports started appearing on social media and were quickly conflated into one very long list on the 'GameStop Closing List' blog, which reckons there are at least 410 GameStop stores confirmed to be closing and another 11 reported but as of yet unconfirmed.
The employees being let go are understandably furious, especially since the latest wave of cuts occurred shortly after another SEC filing was issued this Wednesday, January 7, when GameStop announced a massive performance-based stock option for its current CEO, Ryan Cohen.
Cohen, who assumed the role on September 28, 2023, is the largest individual shareholder and stands to gain up to $35 billion (yes, you read that right), albeit with a massive caveat: the company’s market capitalization would have to grow to $100 billion, and the company would need to achieve $10 billion in Cumulative Performance EBI

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