On June 18, according to Bloomberg, GameStop CEO Ryan Cohen said at Monday's annual shareholder meeting that he is focused on making the struggling video game retailer profitable and plans to avoid extreme stock price volatility due to "hype". Cohen stressed that revenue without profits and future cash flow prospects is meaningless to shareholders, and plans to shrink the store network while expanding the variety of high-value items. Despite Cohen's efforts in recent years to transform GameStop from physical to digital stores and try to enter the NFT space, analysts are pessimistic about its prospects. GameStop's software revenue in Quarter 1 fell 30% year-on-year, and the store merchandise structure has also changed to favor toy sales rather than the latest games. As a result, GameStop has closed several stores and distribution centers and laid off employees.