this post was submitted on 28 Sep 2023
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DRS Your GME
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My opinion: what was wrong with Matt Furlong was that he lost $50 million.
"GameStop fired its CEO, Matt Furlong, and elevated Ryan Cohen to executive chairman, the company announced on Wednesday. [...] GameStop (GME) also reported a net loss of $50.5 million [...] The loss comes just a few months after GameStop (GME) reported its first quarterly profit in two years."
https://www.cnn.com/2023/06/07/business/gamestop-fires-ceo/index.html