In days that Gamestop's long-term future is in question at best, the only national and international video game store chain is in need of making drastic new news and this includes firing its CEO surprisingly.

In a dramatic turn of event, Gamestop published it earning reports BUT did not hold the traditional investors conference maybe due the performance.

Gamestop reported that they started the Fiscal Year 2023 with a net loss of $50.5 million, or 17 cents a share and added to the fact that loss were higher than anticipated with Net sales were $1.237 billion for the period, compared to $1.378 billion in the prior year's first quarter.

The cancellation of the investors conference came along with the public acknowledgement that Matt Furlong was fired as CEO after a 2 years tenure and being one of the protagonists of Gamestop meme stock saga.

While everything aligned perfectly, many people can think that Gamestop Board Of Directors had enough of Furlong failing on turning things around, but the company didn’t acknowledge if the firing has to do with the earnings performance.

There are some reports that a SEC filing states that Furlong was terminated this past monday.