U.S. FTC Says GameStop CEO Ryan Cohen To Pay Nearly $1M Penalty To Settle Antitrust Law Violation
Portfolio Pulse from Benzinga Newsdesk
GameStop CEO Ryan Cohen has agreed to pay nearly $1 million to settle an antitrust law violation, according to the U.S. Federal Trade Commission (FTC).
September 18, 2024 | 3:33 pm
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GameStop's CEO Ryan Cohen is facing a $1 million penalty for an antitrust law violation, as per the FTC. This legal issue could impact investor sentiment and the company's reputation.
The penalty against GameStop's CEO for an antitrust violation could negatively affect the company's reputation and investor confidence in the short term. Legal issues often lead to uncertainty, which can result in stock price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80