Ryan Cohen

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What is Ryan Cohen Birthday and Age?

8 July, 1997

26 Age

Ryan Cohen Introduction:

Are you curious about the man behind the GameStop frenzy that rocked the stock market earlier this year? Look no further than Ryan Cohen, the founder of Chewy.com turned activist investor. In this article, we'll delve into the life and career of this enigmatic entrepreneur, from his early days as a college dropout to his current role as the driving force behind GameStop's transformation. Get ready for a wild ride!

The Early Years

Ryan Cohen was born on May 25, 1986, in Montreal, Quebec. He grew up in a Jewish family and attended Hebrew school as a child. In high school, he showed an early aptitude for business, selling Beanie Babies on eBay and making a tidy profit. However, his entrepreneurial spirit didn't sit well with his teachers, and he dropped out of high school at the age of 16.

Cohen's parents were understandably concerned about their son's future, but he was determined to succeed on his own terms. He enrolled in online courses to earn his high school diploma and began working odd jobs to make ends meet. It wasn't until he stumbled upon the world of e-commerce that he found his true calling.

Chewy.com and Beyond

In 2011, Cohen co-founded Chewy.com, an online retailer of pet food and supplies. The company quickly gained a devoted following, thanks in part to Cohen's commitment to exceptional customer service. He even went so far as to personally call customers who had complained to make things right. Chewy.com was acquired by PetSmart in 2017 for $3.35 billion, making Cohen a very wealthy man.

However, Cohen wasn't content to rest on his laurels. He turned his attention to investing, becoming an activist shareholder in companies like Apple and GameStop. It was his investment in GameStop that would make him a household name.

The GameStop Frenzy

In early 2021, Cohen's investment firm, RC Ventures, acquired a significant stake in GameStop, a struggling video game retailer. Cohen saw the potential for GameStop to become the Amazon of gaming, and he set about making that vision a reality. He joined the company's board of directors and began pushing for a complete overhaul of its business model.

Cohen's influence on GameStop was immediate and dramatic. He brought in new executives with experience at Amazon and other tech giants, and he focused on building out the company's e-commerce capabilities. His efforts paid off in a big way when a group of amateur investors on Reddit banded together to drive up GameStop's stock price, creating a short squeeze that cost hedge funds billions of dollars.

Some have accused Cohen of being one of the masterminds behind the GameStop frenzy, but he has denied any involvement in the Reddit group's actions. Regardless, his impact on GameStop cannot be denied. The company's stock price has soared in recent months, and many believe that it has a bright future ahead of it.

Conclusion

Ryan Cohen is a complex and fascinating figure in the world of business. From his humble beginnings as a high school dropout to his current role as a Wall Street power player, he has always followed his own path. Whether you admire him or criticize him, there's no denying that he has had a profound impact on the companies he has been involved with. Keep an eye on Ryan Cohen – he's sure to make more waves in the years to come.