GameStop, AMC and other meme stocks are meming again
CNN
Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it.
GameStop (GME) soared nearly 53% Thursday, lifted by investors' hopes that a board overhaul could transform the video game store into a digital-first Amazon (AMZN) competitor. The company announced Tuesday that former Amazon fulfillment chief Jenna Owens would take over as GameStop's chief operating officer. The company also said that it would replace its chief financial officer and shrink its board to nine directors from the current 13. Eight of GameStop's current directors will not seek reelection at the company's annual meeting later this year.
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