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Meet Ellen Gordon, 83-Year-Old CEO of Tootsie Rolls Which Gained Millions from GameShop Fiasco
Tootsie Rolls CEO Ellen Gorgon was surprised to prices of her stocks skyrocketing last week | Image credit: Reuters
The GameShop stock surge has caused a ripple in Wall Street and one of the companies that has scored is Tootsie Rolls which at one point last week was valued at 4 billion USD.
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The GameShop stock surge sent the stock market in disarray in the past week, with a community of Redditors upstaging Wall Stree by pushing up the price of stocks of the struggling gaming company. While stocks for GameShop itself skyrocketed from $100 to over $300 in just a matter of days, several other companies also felt the ripple effect. One such company is the American mom and pop candy brand Tootsie Rolls. And the surge has also brought attention to Ellen Gordon, the octogenarian running the show for 53 years.
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