Live data from Hacker News

GameStop Preparing Offer for eBay

wsj.com

51–60 of 81 posts

Re: GameStop Preparing Offer for eBay

#51

> GameStop, which had a market value of around $11 billion [...] EBay is several times GameStop’s size, with a market value around $45 billion as of Friday’s close. > Details of the potential offer for eBay couldn’t be learned. This appears to be an attention stunt, of which Cohen has done a few since GME became a meme stock.

However GameStop does have like $9 billion in cash on hand if I recall correctly.

Re: GameStop Preparing Offer for eBay

#52
post #47

Earlier quoted context omitted.

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 t…

[flagged]

You can’t talk to people like this here. https://news.ycombinator.com/newsguidelines.html

Re: GameStop Preparing Offer for eBay

#53
post #7

Earlier quoted context omitted.

Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).

In that case though Paramount offloaded 25% to foreign wealth funds and had Larry Ellison willing to provide guarantee on(according to google) almost $50b of debt. Ryan Cohen is rich but he's not that rich.

I believe it was this time last year Ryan had a sit down with the Qatari sovereign wealth fund.

Re: GameStop Preparing Offer for eBay

#55
post #29

Whatever 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…

If only eBay would fix their search. In the old days the search modifiers actually did what you think they should do. It's been broken for over 20 years now.

What search modifiers? I regularly use minus, double-quotes, and parentheses, and they all work well for me.

The main thing I dislike about eBay search is all the sponsored placements violating the sorting order. For example, if you sort on increasing price, sponsored placements not in the specified sorting order litter that heavily, making it hard to follow. Amazon searches have the same problem. (Problem, from the perspective of buyer-on-the-marketplace.)

The other thing I dislike about both eBay and Amazon searches is the spamming of huge numbers of listings for essentially the same item. I notice it more on Amazon than eBay.

Re: GameStop Preparing Offer for eBay

#56
post #46

Earlier quoted context omitted.

> are you trolling? Are you? https://finance.yahoo.com/markets/crypto/articles/gamestop-d... You sound quite defensive. Are you a GME bagholder?

[flagged]

> If you think buying BTC is crypto nonsense just wait until you hear about another public company, MSTR

This is in bad faith. You said “GameStop has no crypto, are you trolling?” You were presented with refuting evidence. Now you’re shifting the goal posts.

Re: GameStop Preparing Offer for eBay

#57

> GameStop, which had a market value of around $11 billion [...] EBay is several times GameStop’s size, with a market value around $45 billion as of Friday’s close. > Details of the potential offer for eBay couldn’t be learned. This appears to be an attention stunt, of which Cohen has done a few since GME became a meme stock.

To be clear, if GameStop has no intent or ability to do the things they’re saying they’re going to do, as a public company in respect of another, that’s all kinds of securities fraud and shareholder-lawsuit catnip.

Put another way, if you think this is fake you could make a lot of money. Because that would mean GameStop is de facto offering the market a free put on its own and eBay’s stock.

Re: GameStop Preparing Offer for eBay

#58
post #37

Earlier 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…

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. T…

They have no synergy. One is a meme stock that sells video games in retail stores. The other is an auction site eCommerce platform.

Collectibles is tiny market for eBay. They sell mostly mass produced goods and random used things.

Re: GameStop Preparing Offer for eBay

#59
post #37

Earlier 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…

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. T…

> Americans have more spending money than ever before

WHAT?

> especially at the top end

Ahh, that's the correct identifier.

It's an extremely K-shaped economy.

Re: GameStop Preparing Offer for eBay

#60
post #29

Whatever 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…

This would of course negatively impact eBay because it would now be saddled with immense debt. To pay this debt, there would be mass layoffs leading to a decline in customer service, quality and innovation.

Deals like this benefit nobody but shareholders (in the short term) and lenders. The workers at the companies get laid off, consumers get worse products, and the odds of bankruptcy spike. Leveraged buyouts seem like a net negative to society.

Post reply on HN