GameStop CEO Leaves Investors in the Dark at Annual Shareholder Meeting Amid 'Roaring Kitty' Hype

GameStop held its annual shareholder meeting on Monday where CEO Ryan Cohen briefly discussed creating shareholder value and cutting costs but provided little details on the company's future plans. The meeting was originally scheduled for Thursday but had to be postponed after the third-party livestream crashed due to overwhelming demand. GameStop shares dropped over 12% on Monday after the meeting failed to provide a clear strategic roadmap or turnaround plan to investors. Cohen said the company will focus on running fewer retail stores and selling higher-priced items but did not elaborate on this strategy.