Furlong was dismissed as the chief executive officer on Monday.
CEO Matt Furlong was fired precisely two years after GameStop recruited a previous Amazon employee.
The business also announced its first-quarter earnings, referring to sales of 1.24 billion USD, a decrease from 1.38 billion USD in the corresponding period the previous year.
A total loss of 50.5 million USD was also announced by GameStop.
Post-hours trading saw a roughly 20 percent decline in GameStop’s stock.
GameStop’s shares rose at this time to an overnight record-breaking high of 483 USD before dropping.
The stock’s Wednesday closing price was roughly 26 USD.