Time: 2024-07-19
Chewy Inc. founder Ryan Cohen has caused a stir online by posting the word TRUMP 665 times on Elon Musk 's Social media platform , X. The mysterious message has led to various speculations about its significance , especially since Cohen recently expressed support for former President Donald Trump after an attempted assassination on Trump . Social media users have been actively engaging with Cohen 's post , trying to decipher the message and even counting the number of times the word TRUMP appears in the text.
Donald Trump was shot and injured during a campaign rally near Butler , Pennsylvania , on Jul.13 . As the Chief Executive Officer of GameStop Corp. , Cohen 's endorsement of Trump has coincided with a 7 % increase in the company 's stock since the beginning of the week . GameStop has been performing well in the market , with its stock rising by 67 % in the first seven months of 2024 . Cohen 's track record as an entrepreneur , particularly with Chewy Inc. , which was sold for .35 billion in 2017 , highlights his business acumen and foresight in recognizing market trends.
The tech industry 's stance on Trump has been a topic of discussion , with prominent figures like Elon Musk publicly supporting the former President . Musk , the CEO of Tesla Inc. , initially refrained from endorsing any candidate in the 2024 presidential election but later expressed his support for Trump and made significant donations to a political action committee . The intersection of tech , business , and politics continues to evolve , with Cohen 's endorsement adding an intriguing layer to the ongoing narrative.
GameStop 's stock closed at 7.98 , down 1.96 % on Wednesday , with a further decrease of 0.64 % in after - hours trading . Over the past five days , the stock has seen a 10.01 % increase , while year - to - date growth stands at 67.85 % . On the other hand , Chewy 's stock closed at 6.82 , showing a 2.72 % decrease , with a slight increase of 0.037 % in after - hours trading . The stock has gained 3.23 % over the past five days and 20.00 % year - to - date , according to data from Benzinga Pro.
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