GameStop Faces Uncertain Future as CEO Outlines Cost-Cutting Measures

CEO Ryan Cohen announces plans to shrink store network and focus on profitability, leaving investors seeking more details.

GameStop shares fell over 12% following a lackluster shareholder meeting.
CEO Ryan Cohen emphasized cost-cutting and profitability but provided few specifics.
The company plans to reduce its store network and focus on higher-value items.
Influencer Keith Gill, known as Roaring Kitty, has significantly increased his GameStop holdings.
The SEC is reviewing potential market manipulation concerns related to recent stock volatility.