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Motley Fool Hidden Gems Investing

Game over for GameStop’s CEO

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 8 June 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

GameStop’s CEO is out and Spotify is shaking up its podcast strategy. (00:20) Deidre Woollard and Bill Barker discuss: - Why the market isn’t quite certain about Ryan Cohen’s new role at GameStop. - If GameStop can move beyond meme status and find new growth. - Spotify’s layoff’s and what it signals about its strategic shift. (11:40) Asit Sharma talks to former Snowflake CEO Bob Muglia on his new book The Datapreneurs, what Microsoft got wrong about the internet, and where AI could take us next. Companies discussed: MSFT, GME, SPOT, SNOW Host: Deidre Woollard Guests: Bill Barker, Asit Sharma, Bob Muglia Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

C.E.O.'s are out at two businesses basing a pivot point.

0:08.1

Motley Fool Money starts now.

0:14.0

Welcome to Motley Fool Money.

0:15.0

I'm Deidre Wollard.

0:16.0

I'm joined in studio by Motley Fool Endless Bill Barker.

0:18.5

How are you today, Bill?

0:20.2

Good.

0:21.2

Thanks for asking.

0:22.2

How are you?

0:23.2

I'm doing great.

0:24.2

I want to start with GameStop.

0:26.2

It feels like a little bit of fake because yesterday on podcast, we had really

0:29.9

Ricky Mulvey.

0:30.9

He talked to Melissa Lee about the making of the meme king, which is this new documentary

0:34.8

all about Ryan Cohen.

0:36.6

And now we've got the meme king.

0:37.8

He's front and center in a new story.

0:40.2

He's going to move up to the executive chairman of GameStop.

0:43.6

Matt Furlong is out as CEO Bill, the market.

0:47.2

They did not like this news.

0:49.4

And you know, we're thinking about this is, as Cohen has, he's lost his shine.

0:54.3

Is he, was he just like a one hit wonder with Chewie?

...

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