ebay is the worst, they might as well buy shein
GameStop Preparing Offer for eBay
61–70 of 81 posts
Re: GameStop Preparing Offer for eBay
#62Earlier 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…
I could see a synergy. Remember when there was a small trend of strip-mall "We'll sell on eBay for you" shops?
That seemed like a great idea for certain types of goods-- the market for plenty of collectibles are thin in any given locality, but it was always clumsy to get to the global marketplace. If you had a normal consumer eBay account with 30 feedback, you might have a hard time getting trust against sellers with 400,000. You had to deal with packing, shipping, nonpayment, complaints.
Handing it all off to a professional with experience and a high volume credible account was worth a consignment commission. But they seemed to dry up after a while, I think when eBay pivoted from "the world's garage sale" to "AliExpress but some products are in domestic warehouses."
If you had a widely deployed retail presence that was already used to dealing with used merchandise (pawnshop-style laws, routing items for cleaning/refubrishment etc), turning the tradein counter into a consignment counter is a potential win. New revenue stream, gets people in the door, and provides an expectation of legitimacy and predictability.
Re: GameStop Preparing Offer for eBay
#63Earlier 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…
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."
Hell, if they promised to do literally anything differently I’d support they. Worst case it’d be entertaining. Best case, both companies will be utterly destroyed.
Re: GameStop Preparing Offer for eBay
#64Ryan Cohen rarely does interviews & Lauren Thomas is one of the few journalists he agreed to speak to, they had an interview earlier this year - https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c... If you check eBay & GME's stock prices after the announcement, the market seems to think there are at least serious discussions here if not more.
Does “the market” not mean meme stock investors in this instance though?
That depends on what you mean by "meme stock investors". Retail probably doesn't move an $11 billion market cap company 7% over the 5 hours BEFORE the WSJ article drops. Institutional investors trading on Gamestop's volatility might, though. There are other options, too, but those get into unpopular conspiracy theories and I don't want to nuke my karma.
Re: GameStop Preparing Offer for eBay
#65Ryan Cohen rarely does interviews & Lauren Thomas is one of the few journalists he agreed to speak to, they had an interview earlier this year - https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c... If you check eBay & GME's stock prices after the announcement, the market seems to think there are at least serious discussions here if not more.
"the market" that moves gme stock is a meme subreddit but yes
Re: GameStop Preparing Offer for eBay
#66Earlier quoted context omitted.
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.
Went into one today. They sell about as much collectible crap as they do videogames these days.
Re: GameStop Preparing Offer for eBay
#67Earlier quoted context omitted.
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…
The minus, double-quotes and parentheses work in many situations, but not in all situations, all of the time. They used to be deterministic. Just this week I found some more searches where wrapping a specific two-word phrase in quotes would actually remove half of the auctions that had that exact phrase in the title. And others where minusing out a term stubbornly refused to remove it.
The worst thing is when you are searching for an item, but most of the listings are those "multiple different specification" listings. e.g. a seller has 8GB, 16GB and 32GB USB sticks. It's almost impossible to compare listings and the price you see is clickbait because once you click through you find the thing you were searching for is several times higher. I wrote a bookmarklet to remove all these, but that's not ideal because it can over-correct.
Re: GameStop Preparing Offer for eBay
#68> 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.
This probably would have been investigated in the 2010s. Since covid, security fraud seems to be rampant.
Gamestop is just in the business of selling their shares to retail. It's pretty much like a crypto shitcoin.
Re: GameStop Preparing Offer for eBay
#69This is so fucking retarded but the k(etamine) market will say sure that makes sense pump and dump it and quants will make millions.
Re: GameStop Preparing Offer for eBay
#70Earlier quoted context omitted.
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…
The minus, double-quotes and parentheses work in many situations, but not in all situations, all of the time. They used to be deterministic. Just this week I found some more searches where wrapping a specific two-word phrase in quotes would actually remove half of the auctions that had that exact phrase in the title. And others where minusing out a term stubbornly refused to remove it. The worst thing is when you are…
Now that you mention it, I infrequently see behavior like that.
I wonder whether I see it less often because my bookmarked search queries are careful to avoid things in the URL that look like they might be IDs for cached queries/results.
Also, a few times I wondered whether I was accidentally triggering anti-scraping poisoning measures, even though I was doing the search and paging manually.