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eBay Rejects GameStop's $56B Takeover as Not Credible

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Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#81

Post by bluefirebrand »

hx8 wrote: post #72
avonmach wrote: post #46

Seems like a no brainer for people who want to go into a physical store without dealing with the hassle of waiting for the item to sell along with packaging and shipping.

Who wants to go to a physical store in 2026?

I could maybe see this argument in 2018 or something

In 2026? Online shopping is full of low quality knockoff crap, with deveptive listings that are trying to trick you. Yes, I absolutely prefer physical stores again. In fact I've pretty much stopped online shopping altogether again

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#82

Post by wordpad »

bayarearefugee wrote: post #45
aresant wrote: post #25

Earlier quoted context omitted.

The context this comment misses is Gamestop's secret weapon is their CEO Ryan Cohen who has been sitting around the hoop trying to figure out how to leverage Gamestop's fundraising capabilities to do something big Couple of highlights on Ryan - Built and sold Chewy from a startup to the largest ecomm acq of all time - Became #1 individual shareholder of Apple early on - Bought a 10% share of Gamespot in 2020 becoming…

> works for no salary Working for no salary is almost never charitable and is almost always just part of a larger tax avoidance scheme.

Doesn't matter as long as incentives are aligned. As a major stockholder and active advocate, he is already vested in success.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#83

Post by nolok »

TravisJamison wrote: post #43
qrush wrote: post #16

As a avid eBay customer I am pretty relieved. I buy 2-3 items a month and was selling for the last 2 years on the platform. It's come such a long way and is really a great, streamlined experience. Of course I'm sure folks that make their living off their stores & sales will have different opinions, but I'd say as a routine customer and seller it doesn't need an external company's takeover pressure on it.

Are you trading collectibles? I’m just genuinely curious what someone would buy with 2-3 transactions a month.

Not parent, if you want to sell an old original video game you know has value, it's either the proper collector channel (slow, super involved, higher pay), the generic resale channels (fast, no effort, lowest amount possible) or ebay (relatively fast, a bit involved but not too much, pay depends on how good you defined the product).

I had some old stuff around that Mr everyday might find (eg pristine original Gameboy Pokémon cartridge without box), and quick resale would give me 10 euro, involved resale would ask me hours and hours of work ebay allowed me to sale for 120+euro spending 1h on the description and picture (to show the scratch etc).

Another case is "oh you have the msi ge77vx4 laotop and you look for the plastic keyboard map in azerty? You can pay a 500e rma if they even allow it or buy the piece for 20e on ebay and fix it yourself"

Ymmv but it has a specific place that no one really have right now

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#84

Post by nkohari »

ndiddy wrote: post #73
nkohari wrote: post #41

Earlier quoted context omitted.

I have absolutely no clue how you could watch the interview and come away with this conclusion. The purpose of an interview is to ask Socratic questions to allow the guest to talk about something of which they have intimate knowledge. The CEO made it seem like he himself didn't know how the math for the offer worked, and even when presented multiple opportunities to correct that impression, he made no attempt to conv…

I imagine the actual reason why Cohen didn’t answer the question is that he would have to admit that if the combined entity issued enough shares to pay for the acquisition, it would substantially dilute existing shareholders.

I agree, but he had to know he'd be asked the question, right? And he had to know that staring blankly and mumbling about the offer being on the website wouldn't suffice as an explanation. It's just mind-boggling behavior from the CEO of a public company.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#85

Post by happymellon »

chromadon wrote: post #50
TravisJamison wrote: post #43

Earlier quoted context omitted.

Are you trading collectibles? I’m just genuinely curious what someone would buy with 2-3 transactions a month.

I use it for non collectible stuff. I’m always buying weird interesting things. Old computer stuff at least once a month. I buy most of my physical games from eBay too

> Old computer stuff at least once a month.

So, collectables...

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#86

Post by triceratops »

love2read wrote: post #34
matthewdgreen wrote: post #32

Earlier quoted context omitted.

I wish we would normalize people just running a business well and taking a damned salary.

You want to normalize low ambitions?

Doing a good job without it benefiting your personally.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#87

Post by tombert »

jader201 wrote: post #51
danvayn wrote: post #24

Earlier quoted context omitted.

The TD Bank securities commitment of 20B to finance the deal and GameStop having a market cap far below the acquisition cost suggests that buying eBay would’ve been very problematic and risky for investors. But comparing it to K mart buying sears isn’t really accurate to me. Like yeah, GameStop clearly fits into the death of retail, and acquiring eBay does increase their market visibility or presence. Beyond that, wh…

I'm not sure I follow/buy the premise of moving second-hand sales to a physical building as beneficial to eBay. If I'm looking for X, I'd much rather go to an online store, where I have access to several listings of X at varying prices and condition, vs. make a trip to a physical store, see if they have X, and hope that the condition and price matches my expectations. Maybe if I'm not looking for X, and just want to…

I could see it potentially be something like the Walmart pickup service? Last mile delivery is pretty expensive, so conceivably they could offer faster and/or cheaper shipping if you picked it up at a physical store.

I don't know. I don't think this acquisition would be a good idea.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#88

Post by podgietaru »

ecshafer wrote: post #75
hx8 wrote: post #72

Earlier quoted context omitted.

Who wants to go to a physical store in 2026?

I do. Its great. You can walk around, look at things, talk to people, maybe buy something you wouldn't based on cover art or whatever. You get to drive a little, listen to some music.

Legitimately. Especially if it's a book shop.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#89

Post by WarmWash »

cmiles8 wrote: post #10

Well 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.

He didn't want to say the "D" word.

(Dilute the religious share holders to have them finance the deal)

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#90

Post by flyingcircus3 »

Imustaskforhelp wrote: post #44
SwellJoe wrote: post #11

Earlier quoted context omitted.

The fact that a guy like this can rise to the level of CEO making millions pretty much sums up everything wrong with the world. I don't think I would trust that guy to make a sandwich.

I would admit that when I had first heard the news (from hackernews) and read its comments, people gave multiple examples and convuluted examples on how this all makes sense and the financial aspects. I was left feeling impressed that perhaps gamestop might've been thinking something new. Then I watched the video. > I would trust that guy to make a sandwich. Don't worry, we are just trusting him with around a measly…

This is because the community around Gamestop is radicalized by the exact same grievance culture behind the MAGA movement. It even started conveniently in January of 2021, at a point of MAGA's seeming obsolescence. The adherents of this movement have already accepted the final result as guaranteed, and literally every piece of news the world over gets interpreted through the lens of this eventuality that Gamestock's stock price will explode, making them all millionaires and billionaires. Just like MAGA, the community is full of people whose main role is to delegitimize negative news, and reframe it all as instead proof that the mother of all short squeezes is imminent. Today is the perfect day to see this playing out on their subreddits.
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