Wall Street bet on GameStops failure; its popularity online helped the company beat back the vultures.
Similar efforts to revive Bed Bath & Beyond were a failure.
Cohen tooka $120 million stakein $BBBY in March 2022 more than his original investment in GameStop.
William Pulte, nominee to lead the Federal Housing Finance Agency testifies before the Senate Banking Committee on Feb. 27, 2025.Kayla Bartkowski/Getty Images
In August 2022, after Cohenpubliclydisclosedhe was betting on $BBBY to surge, the stock spiked.
Cohenquickly cashedout, netting nearly$60 million.
After Cohen sold, the stock cratered and ultimately crashed to less than $1 per share.
There was no evidence to support this idea, only increasingly deranged fantasies.
It turned out to be for Cohens line of childrens books.)
Pulte answered: Hes up to something.
Theres something thats caused him to behave the way hes behaved with this situation.
Theyre not going to put that in an SEC filing.
At another point, Pulte was asked about his interest in the stock.
He was captured in the documentarysaying, I just like the stock, I like Ryan Cohen.
As Ive said, you should NOT construe anything I say about any stock, GME, or BBBYQ.
I have nothing to do with BBBYQ and do not own any of it.
He knows exactly what hes doing with his constant innuendos, one wrote.
Another posted: He has done a lot of things to make us believe he is hinting at things.
(A representative for Pulte insisted he never engaged or played into any fantasy.)
Bill Pulte has alongandbitterhistory with the companys executives.
At least one person replied to say they were standing by with my shares…
Understood, you dont have to take my free money, Pulte replied.
