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GameStop fires CEO Matt Furlong months after axing crypto push

Published 06/08/2023, 03:28 AM
Updated 06/08/2023, 05:00 AM
© Reuters
GME
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GameStop (NYSE:GME) has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).

According to a June 7 statement, Furlong was terminated, while Ryan Cohen — a billionaire investor held in high esteem by memestock traders following the notorious GameStop short squeeze in 2021 — was promoted to the role of executive chairman. Minutes after the company announced Furlong’s termination, Cohen tweeted a cryptic message stating, “Not for long.“

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