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ryan cohen: GameStop names billionaire Ryan Cohen as CEO

GameStop on Thursday named Ryan Cohen as its CEO and chairman, giving the billionaire activist investor more power to spearhead a turnaround of the video game retailer.

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Way Too Early With Jonathan Lemire

that home prices fell in february for the first time in as you said, 11 years, so more than a decade, as lower mortgage rates boosted home sales in the month of february. so it is still too early to read too much into these numbers, but it is interesting that you're starting to see prices come down as the impact of the fed's rate hikes take effect. >> juliana, it's been a few months since you and i have had to talk about a meme stock. we're back. shares of gamestop surged more than 40% after the video game retailer posted a quarterly profit for the first time in two years. what's going on here? >> this is a name we haven't said in a while. but the retailer has been essentially cutting costs. game stop said they've got even more plans in the works this year to cut back on excess costs, including in the european market. it's hard to say where the

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Diamond Hands The Legend of WallStreetBets

monday morning rolls aroundand my friend, theo, he messaged me like,hey, man, i don't think gamestop isgoing to do anything more. i don't think anything'sgoing to hire. i'm just going to sell.i was like, don't sell, dude. you're an idiot.like don't sell. what the hell is wrongwith you? and he sold. literally, 10 minutes later,it starts going. reporter: stock for gamestopis up dramatically. reporter: it's been justswinging wildly. alvan chow:the week of the squeeze, i was describing itto my girlfriend as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared,

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Diamond Hands The Legend of WallStreetBets

>> the week of the squeeze, i was describing it to my girlfriend as i'm in the nba finals, i need to be on all cylinders. this is like when i have to execute, it's probably the most important week of my life. >> i got my stimulus, so i started throwing my stimulus and it, and i'm feeling cute. then i'm watching the numbers, and they keep going up. and i'm like, yeah, maybe this is something. >> gamestop is known as the world's largest video game retailer. the stock is now the center of a david versus goliath story. shares driven by post on the form, wallstreetbets. >> my wife and i are driving to meet our realtor, and gamestop is moving. >> there are potentially billions of dollars in investor dollars, on the line here. we're supposed to be looking at houses, and i'm like, i can't look at houses, i'm standing my phone she's like this in this, and i'm like that's great. this is a great house, let's

Squeeze , Finals , Girlfriend , Cylinders , Nba , Game-stop , Cure-it , Something , World , Life , Numbers , Stimulus

Diamond Hands The Legend of WallStreetBets

i was describing itto my girlfriend as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we're supposed tobe looking at houses, and i'm like,i can't look at-- i'm staring at my phone.she's looking at-- she's like, oh this is nice. i'm like staring.i'm like, oh, that's great. this is a great house.let's just get this one.

Life , Squeeze- , Girlfriend , Cylinders , Stimulus , Nba-finalsright , Wasthe , It- , Reporter , Something , Numbers , Video-game-retailer

Diamond Hands The Legend of WallStreetBets

i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we're supposed tobe looking at houses, and i'm like,i can't look at-- i'm staring at my phone.she's looking at-- she's like, oh this is nice. i'm like staring.i'm like, oh, that's great. this is a great house.let's just get this one. reporter: the company surgedas much as 145% today.

Cure-it , Life , Cylinders , Stimulus , Wasthe , Reporter , Something , Numbers , Video-game-retailer , Davidversus-goliath-story , Center , Gamestop-is-knownas-the-world

Diamond Hands The Legend of WallStreetBets

as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we're supposed tobe looking at houses, and i'm like,i can't look at-- i'm staring at my phone.she's looking at-- she's like, oh this is nice. i'm like staring.i'm like, oh, that's great. this is a great house.let's just get this one. reporter: the company surgedas much as 145% today.

Life , Cylinders , Stimulus , Nba-finalsright , Wasthe , Cure-it , Reporter , Something , Numbers , Video-game-retailer , Center , Davidversus-goliath-story

Diamond Hands The Legend of WallStreetBets

as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we're supposed tobe looking at houses, and i'm like,i can't look at-- i'm staring at my phone.she's looking at-- she's like, oh this is nice. i'm like staring.i'm like, oh, that's great. this is a great house.let's just get this one. reporter: the company surgedas much as 145% today.

It- , Life , Cylinders , Stimulus , Nba-finalsright , Wasthe , Reporter , Something , Numbers , Video-game-retailer , Center , Gamestop-is-knownas-the-world

Diamond Hands The Legend of WallStreetBets

he messaged me like,hey, man, i don't think gamestop isgoing to do anything more. i don't think anything'sgoing to hire. i'm just going to sell.i was like, don't sell, dude. you're an idiot.like don't sell. what the hell is wrongwith you? and he sold. literally, 10 minutes later,it starts going. reporter: stock for gamestopis up dramatically. reporter: it's been justswinging wildly. alvan chow:the week of the squeeze, i was describing itto my girlfriend as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared,

Gamestop , Man , Anything , Dude , Wrongwith , Isgoing , Hell , Don-t-sell , Idiot- , Think-anything-sgoing-to-hire , 10 , Reporter

Diamond Hands The Legend of WallStreetBets

as like i'm in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i'm feeling cute,you know. then i'mwatching the numbers and it just keeps,and i'm like, huh. maybe this is something. reporter: gamestop is knownas the world's largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we're supposed tobe looking at houses, and i'm like,i can't look at-- i'm staring at my phone.she's looking at-- she's like, oh this is nice. i'm like staring.i'm like, oh, that's great. this is a great house.let's just get this one. reporter: the company surgedas much as 145% today.

Cure-it , Life , Cylinders , Stimulus , Nba-finalsright , Wasthe , Reporter , Something , Numbers , Video-game-retailer , Center , Gamestop-is-knownas-the-world