Ryan Cohen, the billionaire chief executive of GameStop, must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home ...

GameStop (NYSE:GME) CEO Ryan Cohen will face a lawsuit by the company once known as Bed Bath & Beyond after a ruling by a federal judge. Bed Bath & Beyond is looking to recover $47.2 million of ...

Cohen, the CEO of GameStop and a hero among the meme stock crowd, has grown his bullish bet on the Chinese tech giant to $1 billion, the Journal reported.

Lately, though, their faith in Cohen and the company has seemingly been dwindling. Shares fell 20% Thursday after GameStop announced a bond sale of $1.75 billion.

Ryan Cohen is the CEO of GameStop and an activist investor. Since 2022, Cohen has accumulated $1 billion worth of Alibaba stock. He has pushed Alibaba's board to repurchase company shares.