Day: November 21, 2020

Former Chewy CEO Ryan Cohen urges GameStop to become the Amazon of video games

Game Stop store in New York City.

Michael Brochstein | LightRocket | Getty Images

The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period.

But Ryan Cohen, the former CEO of Chewy, thinks the maligned video-fame retailer can turn itself around by shifting its focus away from physical stores in favor of a building robust e-commerce platform. Cohen thinks GameStop can use its brand and large customer base to make that transition. He has taken a large stake in the company to try and push it in that direction.

Company: GameStop Corp (GME)

Business: GameStop is a retailer that sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise primarily through retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories.

Stock Market Value: $828 million ($12.71 per share)

Activist: Ryan Cohen

Percentage Ownership: 9.98%

Average Cost: $5.98

Activist Commentary: Cohen is not an activist but an extremely successful entrepreneur. Cohen is the co-founder and former CEO of e-commerce company Chewy, which he built up and sold to PetSmart in 2017 for $3.35 billion. Cohen

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Employee Roundup: Ways to Creatively and Safely Celebrate the Holidays this Year

2020 has been an unprecedented and challenging year for many of us. I had my first child this year and it’s difficult coming to terms that her first Christmas just won’t be the big event we’d all love it to be. But one thing I do believe is it’s an opportunity to create a new kind of memory, one that will stand out from all the other years and hopefully make the best of it.

Last year, I was too pregnant to travel which meant it was just my husband and me at home. He didn’t grow up celebrating Christmas (which is what my family celebrates) and while he enjoys the spirit of the holiday and the family gatherings, the gift-giving and traditions just don’t mean as much to him. To find a way to make it fun and a little different, and take the pressure off him a bit, we went to a superstore near our house. With $40 in hand and a declared 40 minute time allotment, we separated and set out to “fill each other’s stockings.” It was absolutely ridiculous and I got an unreasonable amount of $0.50 pies, but it made us laugh and made the day special. And it didn’t break the bank!

It gave me a moment to reflect, the things that make the

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Don’t Set Goals, Set Standards

The radical new approach to performance management.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Having spent the past 20 years in , for as long as I can remember, the yearly goal setting practice has been a dreaded exercise by most. Managers, employees and even HR professionals find the process cumbersome. It is bureaucratic, riddled with bias and often poorly executed. However, it is still one of the most used tools for measuring individual performance and allocating bonuses across organizations worldwide.

I am not saying that setting goals isn’t an important element of measuring performance, but I am advocating that the way organizations do it is outdated and requires a new approach. In most cases, practicality gets lost in what often is a tick-box yearly exercise done in a hurry by leaders who are facing challenges that were not imagined at the time these practices were conceived. In the world of global pandemics, economic volatile markets and remote working demands, leaders need new tools to address new ways of creating value and high performing cultures. SMART goals just aren’t appealing enough

Thankfully, there has been a growing trend in business over the past few years to radicalize the workplace to make it more relevant for our reality today. This is

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Most day traders lose money

Day traders have terrible track records. 

Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multiyear period.

Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well. 

“I don’t confuse day traders with serious investors,” Princeton professor Burton Malkiel, author of “A Random Walk Down Wall Street,” wrote in a blog for Wealthfront, where he is chief investment officer.  “Serious investing involves broad diversification, rebalancing, active tax management, avoiding market timing, staying the course, and the use of investment instruments such as ETFs, with rock bottom fees.  Don’t be misled with false claims of easy profits from day trading.”

Backing up Malkiel is a large body of academic studies going back 20 years that consistently shows day traders and other very active traders have difficulty making money over anything more than short periods of time.

The most recent study, “Attention Induced Trading and Returns: Evidence from Robinhood Users,” was published in October and examined trading activity of Robinhood from May 2, 2018, to Aug. 13, 2020.  They particularly studied “extreme herding events,” where Robinhood traders crowded into particular stocks.

They concluded that during these extreme “herding events,” “the top 0.5% of stocks

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Stocks may continue to struggle Thanksgiving week amid Covid-19 outbreaks

Stocks may continue to struggle Thanksgiving week amid Covid-19 outbreaks



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Zoom, Nikola, FireEye, Intuit & more

Stocks making the biggest moves midday: Zoom, Nikola, FireEye, Intuit & more