Two Hours After He Tweeted A Photo Of An Ice Cream Cone Ryan Cohen Jolted Back To Billionaire Status
A Quick Backstory Before becoming GameStop famous, Ryan Cohen was known for being the co-founder of online pet food/toy company Chewy.com. In 2017 Chewy was acquired by PetSmart for $3.35 billion. PetSmart took Chewy public in 2019. Today Chewy has a market cap of $42 billion. Cohen earned several hundred million dollars from the original PetSmart sale. As we mentioned previously, at some point in the middle of 2020, Ryan acquired 9 million shares (9,001,000 to be exact) of GameStop at an average price per share of $8....