Ryan Cohen's GameStop Shifts Focus from Bitcoin to Potential Consumer Megadeal

Ryan Cohen, the influential chairman of GameStop, appears to be pivoting the company's strategy away from Bitcoin. Recent social media activity suggests a renewed focus on a potential "consumer megadeal," signaling a strategic shift for the meme stock leader. This move comes after Cohen's previous bullish stance on cryptocurrency, which had fueled speculation about GameStop's crypto ambitions. Analysts are now closely watching for details on this new consumer-focused direction, which could significantly impact the company's future business model and stock valuation. The market is interpreting this pivot as a move towards more traditional retail consolidation or partnership opportunities.