CNBC SPECIAL: Making of the Meme King Part 2

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 25 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Part Two: "A Billionaire’s Next Act" In the final part of this two-episode podcast, CNBC Documentaries continues its in-depth look at the rollercoaster career of enigmatic entrepreneur-turned-influential investor, Ryan Cohen. The story picks up as Cohen- then chairman of GameStop- makes a controversial investment in struggling home goods retailer Bed, Bath & Beyond. What might the move reveal about Cohen’s intentions and the changing landscape of business and investing? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Ryan Cohen has emerged as a pretty interesting figure as well, never talked.
0:06.4	I did not know Ryan Cohen was before GameStop.
0:10.1	There are people who made fortunes thanks to him.
0:13.9	What do you think that Ryan Cohen is doing?
0:15.6	I have no idea.
0:17.6	I'm Mary Hannan, a CNBC documentary's senior producer, and this is Making of the Mean
0:23.6	King, a special CNBC podcast.
0:30.9	Ryan Cohen is a man of mystery.
0:32.3	I've never met him.
0:33.4	I don't believe I've ever even heard him speak.
0:36.0	He's a contrarian, independent thinking, independent minded leader.
0:40.9	Somebody without a college degree can become the chairman of a public company of the scale
0:46.0	of GameStop.
0:47.2	Came upon newfound fame by being the meme stock king, by being the pied piper of Wall Street.
0:53.2	He's accumulated fans in almost like a cult like following.
0:57.4	Ryan Cohen's stake in Bed Bath and Beyond is now cashed out of his entire position.
1:01.4	Bed Bath and Beyond shares cratering 40%.
1:04.2	Should you expect the SEC to get involved?
1:06.5	Every story needs a hero or a villain.
1:08.8	Ryan very much filled that role.
1:11.2	Seems like Ryan Cohen is kind of using people to make money.
1:20.8	Part two.
	...

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