Gamestop shares slump following annual shareholder meeting

Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen said this would involve “a smaller network of stores” — suggesting that store closures could be in sight. But no further details of reductions were immediately provided. Shares for Gamestop were down more than 12% following Monday’s meeting. At the center of the meme stock craze, Gamestop saw a resurgence last month after Keith Gill, better known as “Roaring Kitty,” came back online for the first time in three years.