eBay Rejects GameStop's $56B Takeover as Not Credible
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Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#2I really thought it was going to be the other way around.
I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company.
I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#3Any reasonable person could see this was a ridiculous clown show, put on by the ridiculous clown show meme stock company.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#4Any reasonable person could see this was a ridiculous clown show, put on by the ridiculous clown show meme stock company.
This movie isn't over yet. We'll have to wait and see if GameStop goes full 80's on them with a hostile takeover attempt.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#5I really thought it was going to be the other way around. I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company. I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
Gamestop turning into an eBay storefront makes a lot of sense to me and this seemed to be a very rational step to take when the short squeeze anomaly left them with billions in the bank and a business model that no longer makes very much sense with physical game sales being eaten by digital-only sales along with the potential decline of the console.
They already have the position of used buying and sales, extending that into in store receiving and listing of items on eBay makes sense. eBay being in decline as well.
>K-Mart buying Sears ruined that company
Both were quite dead by the time that happened.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#6Any reasonable person could see this was a ridiculous clown show, put on by the ridiculous clown show meme stock company.
"Half stock, half cash": https://www.youtube.com/watch?v=NxD-KGsvPI0
(I couldn't believe myself at first seeing things like these happening and this clip in particular, how does one get millions of dollars for such an disastrously wild interview to me feels quite off to me)
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#7I'm pretty sure this was just a stunt to manipulate both stock prices for some short term play.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#8I really thought it was going to be the other way around. I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company. I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
Gamestop turning into an eBay storefront makes a lot of sense to me and this seemed to be a very rational step to take when the short squeeze anomaly left them with billions in the bank and a business model that no longer makes very much sense with physical game sales being eaten by digital-only sales along with the potential decline of the console. They already have the position of used buying and sales, extending t…
[dead]
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#9I really thought it was going to be the other way around. I am quite confident that if GameStop bought eBay, they would ruin it in the same way that K-Mart buying Sears ruined that company. I could be wrong, I'm not a business person, but it seems kind of obvious that a company like GameStop, whose current existence appears to be due to a weird short squeeze anomaly, is not a sustainable business.
Gamestop turning into an eBay storefront makes a lot of sense to me and this seemed to be a very rational step to take when the short squeeze anomaly left them with billions in the bank and a business model that no longer makes very much sense with physical game sales being eaten by digital-only sales along with the potential decline of the console. They already have the position of used buying and sales, extending t…
I guess it comes to management.
I agree that if GameStop were basically rebranded as eBay brick and mortar stores, that might work. I guess I just feel like if it were GameStop itself that were managing it then it would be unlikely to actually work.
It's not like digital storefronts are new; I think GameStop should have been pivoting the moment that Steam started getting traction.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#10Well if you’ve seen the CNBC interview with the GameStop CEO he couldn’t answer basic questions about the deal so the outcome here isn’t surprising.
The interview was so bad the first time I saw it I thought it was some sort of satire bit. No, it was real and the commentators were literally speechless.