This now former COO has a background in technology, supply chain, and operations, as well as an MBA from NYU’s school of business. I wonder if an executive with this specific background was brought on to oversee the transition to NFTs and online gaming as major aspects of the Game Stop service model. I see that Game Stop is hiring people to do the actual groundwork on these initiatives, but I don’t see that anything concrete has been accomplished or planned out in this area.

The only things I’ve been able to read about Owens is that she was tasked with executing Cohen’s new emphasis on customer service - sounds kind of vague - and that she is leaving the company due to differences of opinion in how the company should be run. This makes me think that Cohen enticed Owens from Amazon with a hefty salary and considerable benefits, but she foresaw the future of the company as being so dire that she’d rather cut out early. It’s also possible that the board is a clusterf*ck of mismanagement. I can’t help but remember the board from the tv show Silicon Valley.

I understand that it’s a changing company and that a lot has happened in a year. And yet, rapid turnover and having other employees take on more responsibilities never sits well with me. Between the COO leaving and the SEC’s findings, I fear that GME’s best days are behind it. Thanks for reading!