The Investment Thread

https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf
For anyone whose interested in reading Ryan Cohen’s three page letter to the GameStop board after disclosing he bought 9 million shares.

He closes with this: (Sherman has since stepped down)


RC Ventures understands that Chief Executive Officer George Sherman has substantial experience working for large brick-and-mortar retailers such as Advance Auto Parts, Best Buy and Target. Regrettably, Mr. Sherman appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an always-on digital world. The continuation of the pandemic is only accelerating this transition and, in turn, requiring businesses to take bold steps to compete.

Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom of the company.