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GameStop aims to be more like Amazon. The meme stock darling, a formerly ailing brick and mortar video game retailer, says it will undergo an e-commerce transformation in the coming months. To pull it off, the company announced on Wednesday (June 9) during an earnings call that it planned to issue 5 million more shares of stock and it had hired two Amazon executives to serve as its new chief executive officer and chief financial officer.
But that was about as far as GameStop was willing to go in discussing its strategy to reinvent itself as an e-commerce success. During the company’s earnings call this Wednesday, only one speaker, outgoing chief executive George Sherman, spoke for just 10 minutes before ending the webcast without taking any questions from outside analysts.