Ryan Cohen

Ryan Cohen co-founded Chewy.com in 2011, building it into the leading online pet food and supplies retailer. He sold Chewy to PetSmart for $3.35 billion in 2017 — one of the largest e-commerce acquisitions at the time. After Chewy, he invested in Apple stock and managed his family's capital through RC Ventures before disclosing a 13% stake in GameStop in 2020, calling for transformation of the company toward e-commerce. His involvement became the catalyst for the January 2021 short squeeze in GameStop shares, driven by retail investors on Reddit's WallStreetBets. The event became a cultural phenomenon about retail vs. institutional investing. Cohen became Chairman of GameStop and has continued attempting to restructure it toward profitability. His subsequent investment in Bed Bath & Beyond, which he later exited at a profit before the company's bankruptcy, demonstrated his willingness to take opportunistic positions in heavily shorted companies regardless of their long-term business prospects.