Earlier this week, the retailer reached an agreement with RC Ventures to place three of the New York activist investor's nominees -- Alan Attal, Ryan Cohen and Jim Grube -- on the board.
Chewy founder Ryan Cohen tossed much of a $3.35 billion fortune into Apple and Wells Fargo stock after he sold his pet-supply company, Bloomberg Businessweek reported Friday.
The move goes against the one cardinal rule of investing: diversification. Yet Cohen felt strong enough in his choices to take the risk.
"It's too hard to find, at least for me, what I consider great ideas," he told Bloomberg's Devon Pendleton. "When I find things I have a lot of conviction in, I go all-in."
As “go all-in” seems to be the mentality of all those Reddit users talking about GME as well. Just sorta stood out when I read it.