Alibaba a Target of GameStop’s Ryan Cohen. Why the Stock Market Shrugged.

Investor Ryan Cohen, who has found fame with activist campaigns at meme stocks such as


GameStop


and


Bed Bath & Beyond


is now targeting Chinese e-commerce giant


Alibaba


 

The billionaire co-founder of


Chewy


and chairman of


GameStop


(ticker: GME) has built up a stake worth hundreds of millions of dollars in


Alibaba


(BABA) in the second half of last year and is pushing for the company to increase its stock buybacks, The Wall Street Journal reported on Tuesday. A person familiar with the matter has confirmed the Journal’s report to Barron’s.