One Meme to Another: Gamestop Chairman Takes Stake in Bed Bath & Beyond
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As the chairman of Gamestop, billionaire investor Ryan Cohen is already in the role of purported savior of a struggling retail firm beloved by unpredictable meme stock traders. Now he's expanding the job.
Cohen has taken a big stake in Bed Bath & Beyond, a company beloved by people in need of throw pillows and Redditors who like juicing stocks. His plan of attack includes bashing the company's "scattershot strategy" and pushing for a sale to a private equity owner. Drama awaits.
Source Fool.com
