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GameStop CFO to step down after Reddit driven stock rally

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GameStop has also been targeted by shareholders pushing it to focus more on digital sales rather than its mall-based locations.
NEW YORK – GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. GameStop said Bell’s resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices. However, a source said that while Bell’s exit was unrelated to the recent wild swings in GameStop’s stock spurred by retail traders on the Reddit social media site, his departure was initiated by the company.

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