GameStop CFO Announces Resignation, Following Case Last January

GridGames.ID – Jim Bell as GameStop’s CFO (Chief Financial Officer) officially announced his retirement from the game retailer company for the common good.

Jim Bell will leave GameStop on March 26, 2021.

Many global media have revealed that the resignation of GameStop’s CFO is the aftermath of the GameStop stock frenzy case in January.

Jim Bell himself has served as CFO and Executive Vice President of GameStop since June 2019.

Also Read: This Person Bought Games and Consoles at GameStop to Donate to Children’s Hospital

In January, GameStop’s stock skyrocketed for no apparent fundamental reason.

Launching from Reuters, the increase in the value of GameStop shares in January was caused by a battle between investment asset managers (hedge fund) and the young investors gathered on the WallStreetBets online forum, Reddit.

This forum was formed to target Short Sellers or performers of selling empty shares.