Ryan Cohen - Revision history

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	'''Ryan Cohen''' (born 1986) is a Canadian-American entrepreneur, business executive, and activist investor who serves as Chairman and Chief Executive Officer of [[GameStop]]. He gained prominence as the co-founder and former CEO of [[Chewy]], an online pet supplies retailer he sold to [[PetSmart]] for $3.35 billion in ~~2017—the~~ largest e-commerce acquisition at that time. Cohen has become a controversial figure in the financial world, dubbed the "Meme King" for his influence on meme stocks and retail investor movements.		'''Ryan Cohen''' (born 1986) is a Canadian-American entrepreneur, business executive, and activist investor who serves as Chairman and Chief Executive Officer of [[GameStop]]. He gained prominence as the co-founder and former CEO of [[Chewy]], an online pet supplies retailer he sold to [[PetSmart]] for $3.35 billion in 2017 - the largest e-commerce acquisition at that time. Cohen has become a controversial figure in the financial world, dubbed the "Meme King" for his influence on meme stocks and retail investor movements.

	==Early Life and Education==		==Early Life and Education==
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	Ryan Cohen was born in 1986 to a Jewish family in [[Montreal]], [[Canada]]. His mother worked as a teacher, while his father, Ted Cohen, was an entrepreneur who ran a glassware importing business. The family later relocated to [[Coral Springs, Florida]], where Cohen attended North Broward Preparatory School.		Ryan Cohen was born in 1986 to a Jewish family in [[Montreal]], [[Canada]]. His mother worked as a teacher, while his father, Ted Cohen, was an entrepreneur who ran a glassware importing business. The family later relocated to [[Coral Springs, Florida]], where Cohen attended North Broward Preparatory School.

	Cohen displayed entrepreneurial instincts from childhood. He began building websites at age 13, with his father's glassware business becoming his first client. By age 15, Cohen had launched his first ~~venture—a~~ referral business that collected fees from directing customers to various e-commerce websites.		Cohen displayed entrepreneurial instincts from childhood. He began building websites at age 13, with his father's glassware business becoming his first client. By age 15, Cohen had launched his first venture - a referral business that collected fees from directing customers to various e-commerce websites.

	Despite his academic capabilities, Cohen made the unconventional decision to forgo college entirely. He has cited his father as his greatest inspiration and credits him with supporting this choice. "My father is my greatest inspiration and supported my decision not to go to college and pursue entrepreneurship instead," Cohen has stated in interviews. This decision would prove prescient, as Cohen's hands-on business experience would become more valuable than any formal education.		Despite his academic capabilities, Cohen made the unconventional decision to forgo college entirely. He has cited his father as his greatest inspiration and credits him with supporting this choice. "My father is my greatest inspiration and supported my decision not to go to college and pursue entrepreneurship instead," Cohen has stated in interviews. This decision would prove prescient, as Cohen's hands-on business experience would become more valuable than any formal education.
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	===Chewy (2011-2018)===		===Chewy (2011-2018)===

	In 2011, at age 25, Cohen founded an online pet supplies retailer initially called MrChewy, which would later become simply Chewy. The inspiration came from a frustrating personal experience: Cohen struggled to find a convenient way to purchase supplies for his toy poodle, Tylee. He recognized that pet ~~owners—a~~ demographic known for lavish spending on their ~~animals—lacked~~ a reliable online retailer offering comprehensive selection, fast shipping, and excellent customer service.		In 2011, at age 25, Cohen founded an online pet supplies retailer initially called MrChewy, which would later become simply Chewy. The inspiration came from a frustrating personal experience: Cohen struggled to find a convenient way to purchase supplies for his toy poodle, Tylee. He recognized that pet owners - a demographic known for lavish spending on their animals - lacked a reliable online retailer offering comprehensive selection, fast shipping, and excellent customer service.

	Cohen built Chewy on a customer-obsessed philosophy borrowed from [[Amazon]]'s playbook but specialized for pet owners. The company offered free two-day shipping, 24/7 customer service, and even sent handwritten holiday cards and condolence notes when customers' pets passed away. This attention to detail created fierce customer loyalty.		Cohen built Chewy on a customer-obsessed philosophy borrowed from [[Amazon]]'s playbook but specialized for pet owners. The company offered free two-day shipping, 24/7 customer service, and even sent handwritten holiday cards and condolence notes when customers' pets passed away. This attention to detail created fierce customer loyalty.
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	===Investment Philosophy===		===Investment Philosophy===

	Cohen's investment approach focuses on identifying undervalued companies with strong brand recognition and potential for digital transformation. He has become a folk hero among retail investors, particularly on social media platforms where his cryptic tweets are analyzed for investment hints. His posting ~~style—often~~ featuring memes, emojis, and obscure ~~references—has~~ earned him cult-like status among the retail trading community.		Cohen's investment approach focuses on identifying undervalued companies with strong brand recognition and potential for digital transformation. He has become a folk hero among retail investors, particularly on social media platforms where his cryptic tweets are analyzed for investment hints. His posting style - often featuring memes, emojis, and obscure references - has earned him cult-like status among the retail trading community.

	==Controversies==		==Controversies==
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	===Bed Bath & Beyond Pump-and-Dump Allegations===		===Bed Bath & Beyond Pump-and-Dump Allegations===

	Cohen's most significant controversy erupted in 2022 involving home goods retailer [[Bed Bath & Beyond]]. In March 2022, Cohen disclosed a near 10% stake in the struggling company, causing the stock price to surge as retail investors interpreted his involvement as a vote of confidence. Cohen's cryptic tweets during this ~~period—including~~ "At least her cart is full" followed by a smiling moon ~~emoji—were~~ seen by investors as bullish signals. (In meme stock culture, moon emojis reference the phrase "to the moon," suggesting stock prices will skyrocket.)		Cohen's most significant controversy erupted in 2022 involving home goods retailer [[Bed Bath & Beyond]]. In March 2022, Cohen disclosed a near 10% stake in the struggling company, causing the stock price to surge as retail investors interpreted his involvement as a vote of confidence. Cohen's cryptic tweets during this period - including "At least her cart is full" followed by a smiling moon emoji - were seen by investors as bullish signals. (In meme stock culture, moon emojis reference the phrase "to the moon," suggesting stock prices will skyrocket.)

	However, between August 15-18, 2022, Cohen abruptly sold his entire Bed Bath & Beyond ~~position—9~~.45 million ~~shares—netting~~ approximately $68 million in profit. The stock price collapsed following the disclosure, wiping out hundreds of millions in market value and leaving retail investors with devastating losses. Many accused Cohen of a "pump-and-dump" scheme, though he maintained his sale was simply a change in investment thesis.		However, between August 15-18, 2022, Cohen abruptly sold his entire Bed Bath & Beyond position - 9.45 million shares - netting approximately $68 million in profit. The stock price collapsed following the disclosure, wiping out hundreds of millions in market value and leaving retail investors with devastating losses. Many accused Cohen of a "pump-and-dump" scheme, though he maintained his sale was simply a change in investment thesis.

	On August 24, 2022, Cohen was named in a federal lawsuit alleging fraudulent market manipulation. The [[Securities and Exchange Commission]] also launched an investigation, requesting information about Cohen's trades and communications with Bed Bath & Beyond executives. The lawsuit was ultimately dismissed on June 11, 2024, with the judge finding insufficient evidence of securities fraud. However, the controversy severely damaged Cohen's reputation among some retail investors, while others remained loyal.		On August 24, 2022, Cohen was named in a federal lawsuit alleging fraudulent market manipulation. The [[Securities and Exchange Commission]] also launched an investigation, requesting information about Cohen's trades and communications with Bed Bath & Beyond executives. The lawsuit was ultimately dismissed on June 11, 2024, with the judge finding insufficient evidence of securities fraud. However, the controversy severely damaged Cohen's reputation among some retail investors, while others remained loyal.
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	Cohen's decision to resign as Chewy CEO in 2018 was reportedly motivated by his desire to spend more time with his young family, particularly following the death of his father Ted Cohen in December 2019. He has described this period as transformative, stating he needed time to grieve and reflect before returning to business.		Cohen's decision to resign as Chewy CEO in 2018 was reportedly motivated by his desire to spend more time with his young family, particularly following the death of his father Ted Cohen in December 2019. He has described this period as transformative, stating he needed time to grieve and reflect before returning to business.

	In 2022, Cohen published a series of children's books titled ''Teddy'', based on lessons he learned from his father. The books explore themes of entrepreneurship, integrity, and ~~perseverance—values~~ Cohen credits his father with instilling. Proceeds from book sales were donated to charity.		In 2022, Cohen published a series of children's books titled ''Teddy'', based on lessons he learned from his father. The books explore themes of entrepreneurship, integrity, and perseverance - values Cohen credits his father with instilling. Proceeds from book sales were donated to charity.

	Cohen is known for his love of animals, particularly dogs. His toy poodle Tylee (who inspired Chewy) frequently appeared in early company marketing materials. He has spoken passionately about animal welfare and supported various animal rescue organizations.		Cohen is known for his love of animals, particularly dogs. His toy poodle Tylee (who inspired Chewy) frequently appeared in early company marketing materials. He has spoken passionately about animal welfare and supported various animal rescue organizations.

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	==Net Worth==		==Net Worth==

	Cohen's net worth is estimated at approximately $3 billion, primarily derived from his Chewy sale and his stake in GameStop. However, his wealth has been volatile given GameStop's stock price fluctuations, which have ranged from $10 to over $400 per share in recent years. His investment in GameStop has generated hundreds of millions in paper profits, though he has not sold shares.		Cohen's net worth is estimated at approximately $3 billion, primarily derived from his Chewy sale and his stake in GameStop.<ref name="wealth">{{cite web \|url=https://www.forbes.com/real-time-billionaires/ \|title=Real Time Billionaires \|publisher=Forbes \|access-date=December 2025}}</ref> However, his wealth has been volatile given GameStop's stock price fluctuations, which have ranged from $10 to over $400 per share in recent years. His investment in GameStop has generated hundreds of millions in paper profits, though he has not sold shares.

	==See Also==		==See Also==

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			{{Infobox executive
			\| name = Ryan Cohen
			\| image = Ryan_Cohen.jpg
			\| image_size = 300px
			\| caption =
			\| birth_name = Ryan Cohen
			\| birth_date = {{birth date and age\|1985\|11\|5}}
			\| birth_place = {{flagicon\|Canada}} [[Montreal]], Quebec, Canada
			\| nationality = {{flagicon\|USA}} American<br>{{flagicon\|Canada}} Canadian
			\| citizenship = {{flagicon\|USA}} American<br>{{flagicon\|Canada}} Canadian
			\| languages = {{flagicon\|USA}} English
			\| residence =
			\| education = Self-educated
			\| alma_mater =
			\| occupation = Entrepreneur, investor
			\| years_active =
			\| employer =
			\| organization =
			\| title = CEO of GameStop<br>Co-founder of Chewy
			\| term =
			\| predecessor =
			\| successor =
			\| board_member_of =
			\| spouse =
			\| children =
			\| parents =
			\| relatives =
			\| net_worth = US$2 billion (December 2025)
			\| salary =
			\| awards =
			\| website =
			}}

	'''Ryan Cohen''' (born 1986) is a Canadian-American entrepreneur, business executive, and activist investor who serves as Chairman and Chief Executive Officer of [[GameStop]]. He gained prominence as the co-founder and former CEO of [[Chewy]], an online pet supplies retailer he sold to [[PetSmart]] for $3.35 billion in 2017—the largest e-commerce acquisition at that time. Cohen has become a controversial figure in the financial world, dubbed the "Meme King" for his influence on meme stocks and retail investor movements.		'''Ryan Cohen''' (born 1986) is a Canadian-American entrepreneur, business executive, and activist investor who serves as Chairman and Chief Executive Officer of [[GameStop]]. He gained prominence as the co-founder and former CEO of [[Chewy]], an online pet supplies retailer he sold to [[PetSmart]] for $3.35 billion in 2017—the largest e-commerce acquisition at that time. Cohen has become a controversial figure in the financial world, dubbed the "Meme King" for his influence on meme stocks and retail investor movements.

Maintenance script: Created comprehensive CEO article: Chewy founder (.35B PetSmart sale), GameStop Chairman/CEO, meme stock king, Bed Bath & Beyond controversy, SEC investigation, toy poodle Tylee inspiration, father Ted Cohen, net worth, children's book author, private family life, no salary as CEO

2025-11-20T14:50:39Z

Created comprehensive CEO article: Chewy founder (.35B PetSmart sale), GameStop Chairman/CEO, meme stock king, Bed Bath & Beyond controversy, SEC investigation, toy poodle Tylee inspiration, father Ted Cohen, net worth, children's book author, private family life, no salary as CEO

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	[[Category:GameStop]]		[[Category:GameStop]]
	[[Category:Chewy]]		[[Category:Chewy]]

			[[Category:Chief executive officers]]

Maintenance script: Created comprehensive CEO article covering Chewy founding and .35B sale to PetSmart, GameStop meme stock transformation, 'Meme King' status, Bed Bath & Beyond pump and dump lawsuit dismissed, no college education, works unpaid as GameStop CEO/Chairman, .5-5.6B net worth, Trump supporter and election conspiracy promotion

2025-10-21T11:20:30Z

Created comprehensive CEO article covering Chewy founding and .35B sale to PetSmart, GameStop meme stock transformation, 'Meme King' status, Bed Bath & Beyond pump and dump lawsuit dismissed, no college education, works unpaid as GameStop CEO/Chairman, .5-5.6B net worth, Trump supporter and election conspiracy promotion

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{{Infobox CEO
| name = Ryan Cohen
| image = Ryan_Cohen.jpg
| image_size = 300px
| caption = Ryan Cohen in 2024
| birth_date = {{birth date and age|1986|1|1}}
| birth_place = Montreal, Quebec, Canada
| nationality = Canadian-American
| education = None (did not attend college)
| occupation = Entrepreneur, Investor, Business Executive
| known_for = Founder of Chewy, Chairman and CEO of GameStop, "Meme King"
| networth = $4.5-5.6 billion (2024)
| title = Chairman and CEO of GameStop Corp.
| spouse = Married
| children = 1 son
| company = [[GameStop]]
| boards =
| signature =
| website =
}}

'''Ryan Cohen''' (born 1986) is a Canadian-American entrepreneur, business executive, and activist investor who serves as chairman and chief executive officer of [[GameStop]] Corp., the video game retailer at the center of the 2021 "meme stock" phenomenon. Cohen is also the founder of [[Chewy]], the e-commerce pet supplies company he built from startup to a $3.5 billion acquisition by PetSmart in 2017—the largest e-commerce acquisition at the time.

Cohen has become one of the most unconventional and controversial figures in American business. Dubbed the "Meme King" for his influence over meme stocks like GameStop, he communicates primarily through cryptic tweets, takes no salary for his dual roles at GameStop, and has cultivated an almost cult-like following among retail investors on Reddit's WallStreetBets forum who view him as a champion against Wall Street short sellers and hedge funds.

Born in Montreal to a Jewish family in 1986, Cohen never attended college, citing his father—who ran a glassware company—as his primary business inspiration. He started his first business at age 15 collecting referral fees from e-commerce sites. After building and selling Chewy for billions, he emerged from semi-retirement in 2020 to invest in GameStop and take control of the struggling retailer, promising to transform it into a technology-focused company.

As of late 2024, Cohen's net worth is estimated between $4.5 billion and $5.6 billion, derived primarily from his GameStop holdings. He is married with one son and resides in Bal Harbour, Florida, where he purchased a waterfront mansion for nearly $24 million in 2020. His father died in December 2019, shortly before Cohen's GameStop involvement began.

==Early Life==

Ryan Cohen was born in 1986 to a Jewish family in Montreal, Quebec, Canada. His father ran a glassware importing business, exposing young Ryan to entrepreneurship, wholesale operations, and the challenges of running a small business. Cohen has credited his father as his primary inspiration and mentor in business.

Cohen never attended college, an unusual choice for someone who would become a billionaire tech entrepreneur. He has stated that he learned more from working in his father's business and starting his own ventures than he believed college could teach him. His father's entrepreneurial example convinced him that practical business experience was more valuable than formal education.

At age 15, Cohen started his first business venture: collecting fees off referrals to various e-commerce websites. This early experience in online commerce and affiliate marketing planted the seeds for his later e-commerce success with Chewy.

==Chewy (2011-2018)==

===Founding Chewy (2011)===

In 2011, at age 25, Ryan Cohen co-founded Chewy.com with Michael Day, creating an online pet supplies retailer. The timing seemed questionable—Amazon already dominated e-commerce, and pet supplies were a competitive category with low margins. However, Cohen identified an opportunity: superior customer service could differentiate Chewy in a category where pet owners were passionate about their animals.

Cohen's strategy was counterintuitive:
* Spend heavily on customer acquisition through advertising
* Provide exceptional customer service, including 24/7 support and hand-written holiday cards
* Focus on subscription auto-ship model for recurring revenue
* Lose money initially to build customer loyalty and scale

The approach required enormous capital and patience from investors willing to fund years of losses. Cohen proved persuasive, raising over $350 million in venture capital.

===Building Chewy's Culture===

Cohen built a customer-obsessed culture at Chewy:
* Customer service representatives empowered to solve problems without bureaucracy
* Generous return policies and refunds
* Personal touches like condolence flowers when customers' pets died
* Fast shipping and reliable delivery

The culture generated intense customer loyalty. Chewy's Net Promoter Score (measure of customer satisfaction and likelihood to recommend) was among the highest in e-commerce.

===Massive Growth===

Under Cohen's leadership as CEO from 2011-2018, Chewy grew explosively:
* 2018 revenue: $3.5 billion
* 66% of sales from auto-ship subscriptions (recurring revenue)
* Millions of active customers
* Thousands of employees in customer service and fulfillment centers

Chewy became one of the fastest-growing e-commerce companies in history, though it remained unprofitable as Cohen prioritized growth over near-term earnings.

===PetSmart Acquisition (2017)===

In April 2017, PetSmart acquired Chewy for $3.35 billion—the largest e-commerce acquisition in history at that time. The deal provided a massive return for Cohen and venture investors.

Cohen remained as CEO for about a year post-acquisition, then stepped down in 2018 to "pursue personal goals and spend time with his family," though he was only in his early 30s. The departure followed his father's death in December 2019, which Cohen has described as devastating and life-changing.

==GameStop Investment and Transformation (2020-Present)==

===Initial Investment (2020)===

In August 2020, Cohen began accumulating shares of GameStop, a struggling video game retailer. By early 2021, he had acquired a ~10% stake, becoming one of the largest shareholders.

GameStop was in crisis:
* Declining mall traffic and physical game sales
* Competition from digital game downloads
* Losses and store closures
* Widely viewed as dying business in terminal decline

Cohen saw opportunity where others saw failure. His thesis: GameStop could transform into an e-commerce competitor to Amazon in gaming and geek culture, leveraging its brand recognition and customer relationships.

===Joining the Board (January 2021)===

In January 2021, GameStop announced Cohen would join the board along with two associates from his investment firm RC Ventures. The announcement sent GameStop's stock soaring as investors bet Cohen could replicate his Chewy success.

===The Meme Stock Phenomenon (January 2021)===

Shortly after Cohen's board appointment, GameStop became the center of the greatest short squeeze in stock market history. Reddit's WallStreetBets community, viewing Cohen as a white knight fighting Wall Street short sellers betting against GameStop, began buying GameStop stock and options en masse.

The result was extraordinary:
* GameStop stock surged from ~$20 to $483 in days
* Hedge funds betting against GameStop lost billions
* Trading platforms restricted purchases, sparking outrage
* Congressional hearings examined market manipulation allegations
* Cohen became a cult hero to retail investors

Cohen said little publicly during the frenzy, but his cryptic tweets were analyzed by millions for hidden meanings about GameStop's future.

===Becoming Chairman (June 2021)===

In June 2021, GameStop's shareholders elected Cohen as chairman of the board. He took on an active leadership role, effectively running the company despite not immediately taking the CEO title.

Cohen's initial strategy:
* Recruited executives from Amazon and Chewy to lead e-commerce transformation
* Invested in fulfillment centers and logistics
* Expanded product categories beyond games
* Launched NFT marketplace
* Raised capital through stock offerings while price was elevated

The strategy has been controversial and results mixed. GameStop remains unprofitable, physical store revenue continues declining, and the NFT marketplace failed to gain traction. However, Cohen raised over $1 billion in cash that provides runway for transformation.

===Becoming CEO (September 2023)===

On September 28, 2023, Cohen took over as chief executive officer of GameStop in addition to his chairman role. Notably, he receives no salary for either position—working for GameStop entirely unpaid, apparently motivated by his significant equity stake and belief in the transformation.

Under Cohen's CEO leadership:
* Continued cost-cutting and store closures
* Focus on profitability over growth
* Layoffs of corporate staff
* Reduced inventory and SKU rationalization
* Minimal public communication about strategy

Results have been challenging. GameStop's revenue continues declining, losses persist, and the stock price has fallen significantly from meme stock highs, though it remains elevated versus pre-Cohen levels.

==Personal Life==

Ryan Cohen is married and has one son, though he keeps his family life intensely private. He purchased a waterfront mansion in Bal Harbour, Florida, for nearly $24 million in 2020, establishing residence in the exclusive Miami-area community.

Cohen's father died in December 2019, shortly before his GameStop involvement. He has spoken emotionally about his father's death as a transformative event that caused him to reconsider life priorities and ultimately return to active business involvement rather than remain in retirement.

The couple maintains extreme privacy, with minimal public information available about Cohen's wife or their family life.

==Controversies==

===Bed Bath & Beyond Pump and Dump Allegations===

On August 24, 2022, Cohen was named in a federal lawsuit alleging a fraudulent scheme to artificially inflate Bed Bath & Beyond's stock price in a pump and dump scheme. The case alleged Cohen:
* Built large stake in Bed Bath & Beyond
* Made public statements driving retail investor interest
* Sold entire stake at elevated prices
* Left retail investors with losses when stock subsequently crashed

The case was dismissed on June 11, 2024, but damaged Cohen's reputation and raised questions about his trading practices and treatment of retail investors who follow his moves.

===FTC Hart-Scott-Rodino Violation===

The Federal Trade Commission charged Cohen with failing to report his acquisition of Wells Fargo shares, which exceeded HSR (Hart-Scott-Rodino) filing thresholds requiring advance notice of large stock acquisitions. Cohen agreed to pay a $985,320 penalty and cooperate with the investigation.

While a technical violation, the incident highlighted regulatory scrutiny of Cohen's trading activities.

===Political Involvement and Conspiracy Theories===

Cohen supported Donald Trump during the 2024 U.S. presidential election and promoted the conspiracy theory that the 2020 election was rigged. His political statements alienated some supporters and raised questions about his judgment.

His promotion of election conspiracy theories was particularly concerning given his influence over millions of retail investors who trust his business acumen.

###GameStop Transformation Skepticism===

Many analysts and investors remain skeptical of Cohen's GameStop transformation strategy:
* Unclear how GameStop differentiates from Amazon in e-commerce
* NFT marketplace failed to gain meaningful adoption
* Physical stores continue declining
* No clear path to profitability
* Cohen provides minimal communication about strategy

Critics argue Cohen is benefiting from meme stock status while delivering little actual business transformation.

==Net Worth==

As of late 2024, Ryan Cohen's net worth is estimated between $4.5 billion and $5.6 billion, though it fluctuates significantly with GameStop's volatile stock price.

His wealth derives primarily from:
* GameStop equity holdings (significant stake)
* Proceeds from Chewy sale (portion retained after PetSmart acquisition)
* Other investments

The extreme volatility of GameStop's stock means Cohen's net worth can swing by hundreds of millions in single days.

==Business Philosophy==

Cohen's approach emphasizes:
* Customer obsession and exceptional service
* Long-term thinking over quarterly results
* Willingness to lose money building for future
* Minimal public communication
* Focus on e-commerce and technology
* Betting against conventional wisdom

==Legacy and Impact==

Ryan Cohen's legacy is still being written. He proved his business acumen building Chewy into a multi-billion dollar company. His GameStop involvement transformed him into a cult figure among retail investors and symbol of resistance to Wall Street establishment.

Whether GameStop succeeds remains uncertain. If Cohen delivers profitable transformation, he'll be vindicated. If GameStop continues declining, his reputation will suffer.

What's undeniable is his influence on retail investing, meme stock culture, and public discourse around markets, short selling, and corporate governance.

==See Also==
* [[GameStop]]
* [[Chewy]]
* [[Meme Stocks]]
* [[WallStreetBets]]

==References==

{{reflist}}

{{DEFAULTSORT:Cohen, Ryan}}
[[Category:1986 births]]
[[Category:Living people]]
[[Category:Canadian businesspeople]]
[[Category:American businesspeople]]
[[Category:GameStop]]
[[Category:Chewy]]