Ryan Cohen scoops up GameStop stock worth $10 million, shares rise

The company’s board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company’s online expansion, fanning concerns about the videogame retailer’s ailing business.Furlong’s exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week