GameStop CEO Ryan Cohen hits with $1M penalty
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
FTC Charges Against Ryan Cohen: The US Federal Trade Commission has imposed a $1 million civil penalty on GameStop CEO Ryan Cohen for violating antitrust laws by failing to file required documentation after acquiring over 562,000 shares of Wells Fargo, which exceeded reporting thresholds.
GameStop Financial Performance: GameStop reported a decline in net sales for Q2 2024, totaling $0.798 billion compared to $1.164 billion the previous year, but showed a significant improvement in net income, posting $14.8 million compared to a loss of $2.8 million last year.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
