GameStop shares slumps after it fires former Amazon executive

GameStop shares plunged before the opening bell after the company fired chief executive Matthew Furlong, the former Amazon executive brought in two years ago to turn the struggling videogame retailer around (Alamy/PA)

GameStop shares plunged before the opening bell after the company fired chief executive Matthew Furlong, the former Amazon executive brought in two years ago to turn the struggling videogame retailer around.

The company gave no reason for the dismissal and named Ryan Cohen, the company’s biggest investor, as executive chairman.