Oh no. Please, please don't let eBay get Boeing'd.
GameStop Preparing Offer for eBay
31–40 of 81 posts
Re: GameStop Preparing Offer for eBay
#32Whatever you do, don't break eBay. I love eBay, for both buying and selling used items that are viable to ship. We let CraigsList get broken, with seemingly much fewer sellers and buyers than it used to have. I tried Facebook Marketplace, which is where most local buyers&sellers seemed to move to. But I won't install their app, and the notification emails only sometimes came through. (One buyer became very irate when…
eBay has been a savior for me buying for buying old / replacement parts. No idea where some of these sellers get their inventory but I'm so glad they exist and we can both use eBay to transact.
Re: GameStop Preparing Offer for eBay
#33Earlier quoted context omitted.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
Besides the Larry Ellison, Trump, and Middle East backing, Paramount and WB's businesses have synergy. Gamestop and eBay have no synergy. Gamestop can't possibly run eBay better than eBay's current management. It's a meme stock looking to make noise so they can get a higher stock price, and then unload their shares onto the public market to raise cash. GME has 3x'ed their shares outstanding since Covid. https://www.m…
> Gamestop can't possibly run eBay better than eBay's current management.
I meaaaaaaan...
https://en.wikipedia.org/wiki/EBay_stalking_scandal
"Deferred Prosecution Agreement with District of Massachusetts" still sits in the eBay footer. ;)
Re: GameStop Preparing Offer for eBay
#34Earlier quoted context omitted.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
Besides the Larry Ellison, Trump, and Middle East backing, Paramount and WB's businesses have synergy. Gamestop and eBay have no synergy. Gamestop can't possibly run eBay better than eBay's current management. It's a meme stock looking to make noise so they can get a higher stock price, and then unload their shares onto the public market to raise cash. GME has 3x'ed their shares outstanding since Covid. https://www.m…
If they promised to revert eBay's search to how it worked in 1997 I'd throw them a few dollars to bolster their "takeover."
Re: GameStop Preparing Offer for eBay
#35I wonder how those bagholders are feeling now, still diamond hands holding to the moon? Hell, there are still Bed Bath and Beyond and even Sears bagholders somehow thinking they'll get back money from a bankrupt and dissolved company, so I can't be too surprised.
Re: GameStop Preparing Offer for eBay
#36Earlier quoted context omitted.
Besides the Larry Ellison, Trump, and Middle East backing, Paramount and WB's businesses have synergy. Gamestop and eBay have no synergy. Gamestop can't possibly run eBay better than eBay's current management. It's a meme stock looking to make noise so they can get a higher stock price, and then unload their shares onto the public market to raise cash. GME has 3x'ed their shares outstanding since Covid. https://www.m…
> Gamestop can't possibly run eBay better than eBay's current management. I meaaaaaaan ... https://en.wikipedia.org/wiki/EBay_stalking_scandal "Deferred Prosecution Agreement with District of Massachusetts" still sits in the eBay footer. ;)
What in the actual fuck? I can't believe I never heard about this before, this is batshit insane.
Re: GameStop Preparing Offer for eBay
#37Earlier quoted context omitted.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
Besides the Larry Ellison, Trump, and Middle East backing, Paramount and WB's businesses have synergy. Gamestop and eBay have no synergy. Gamestop can't possibly run eBay better than eBay's current management. It's a meme stock looking to make noise so they can get a higher stock price, and then unload their shares onto the public market to raise cash. GME has 3x'ed their shares outstanding since Covid. https://www.m…
They have deep synergies in the collectibles market. There's a Venn diagram with eBay on one side and Gamestop on the other, and cultural characters like Logan Paul with his $16m Pokemon card right in the intersection.
This is a big market getting bigger. Americans have more spending money than ever before, especially at the top end, and the collectibles market is expected to grow as much as 7% y/y for a long time. That's like $50b of new spend every year. Massive opportunity.
I think this is smart. Gamestop is a vibes company, everyone knows it, and this is an opportunity to acquire a real business with strong tailwinds. Everyone knows eBay has been poorly run for 20 years. Even in 2010/2011 when I worked there it was running on empty so to speak. Some opportunity to take control of that narrative and grow the business in demographics with deep pockets would be huge.
Re: GameStop Preparing Offer for eBay
#38Earlier quoted context omitted.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
KMart famously aquired the much larger Sears (and then destroyed it)
Well, that, and the CEO of Sears was an Ayn Rand fan who decided departments needed to fight each other over everything.
Re: GameStop Preparing Offer for eBay
#39Re: GameStop Preparing Offer for eBay
#40Earlier quoted context omitted.
NFT’s and crypto nonsense, for starters. Go look him up and what he has done at GameStop. He’s not exactly shy about his plans and likes to make dramatic statements.
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Mate with all due respect, you need to do a cursory search before getting so indignant and claiming people are trolling. Look up cohen/gamestop/crypto. The information is ready available.
You also asked a question while being opaque about how you have some knowledge/thoughts on this. This now all feels like it was bait to tee up an opportunity to grind an axe.
Have a good weekend. Not interested in participating in this further.