Gamestop CEO announces focus on cost cutting and long-term profitability in shareholder meeting

Gamestop's CEO Ryan Cohen announced plans to focus on cutting costs and long-term profitability during the annual shareholder meeting. This strategy may involve closing more stores to build shareholder value. The meeting, initially scheduled for Thursday, was postponed due to technical issues, generating anticipation among investors. The company, at the center of the meme stock craze, has seen renewed interest following positive remarks from Keith Gill. Despite recent losses, Gamestop aims to turn its fortunes around, with plans to sell shares to raise funds.