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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

#131
post #116

Earlier quoted context omitted.

They're doing a terrible job of preventing scams. Right now there are hundreds of listings for GPUs at too-good-to-be-true prices from sellers with 0 feedback or, worse, from old accounts with positive feedback that have obviously been taken over by scammers (all the feedback is from years ago and about unrelated products). Trust is what eBay brings to the table, when they cede that to scammers, they stop being usefu…

Is this really a big problem for buyers now? Asking genuinely, not rhetorically. In my experience with eBay (my account is 25 years old), the one thing you could count on is that buyers who receive nothing, or get a box of bricks, or broken items or whatever, basically 100% of the time, will get refunded - if necessary, by eBay itself. (This has been frustrating of course for honest sellers who get scammed by buyers.…

It makes it feel sketchy. I don't know what the state of buyer protection is. I've read that sellers sometimes list in other countries to get around the PayPal buyer protections or otherwise get paid via some unprotected method.

I can't believe all those hundreds of thousands of listings would continue to exist if there weren't some kind of pay off. Somebody's got to be making money somehow, as it's been happening for ages.

Also, it makes searching difficult. Can't really sort by price anymore, because the lowest prices are almost entirely scams.

It's just a much less pleasant platform when half the listing are fake. This is most extreme on GPUs and RAM, of course, since that's where the feeding frenzy is happening, but it's true of many categories with expensive goods.

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

#133
post #97

Earlier quoted context omitted.

They're doing a terrible job of preventing scams. Right now there are hundreds of listings for GPUs at too-good-to-be-true prices from sellers with 0 feedback or, worse, from old accounts with positive feedback that have obviously been taken over by scammers (all the feedback is from years ago and about unrelated products). Trust is what eBay brings to the table, when they cede that to scammers, they stop being usefu…

Show me any platform that successfully prevented scam.

eBay ten years ago. (At least, much more effectively than now, where a large percentage of listings in some categories are scams.)

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

#134
post #69

Earlier quoted context omitted.

Dilated pupils. Delayed responses. Inattentive gaze. Speaking nonsense. Drugs might explain many things.

He works his ass off. You obviously can't spot a bear trap :-) The lower range of $GME the past couple of years is nowhere near where the shorts are going to have to buy-in.

If diluting your stock is a magical infinite money glitch, why doesn't Cohen just buy Nvidia? Heck, I think GOOG is now the most valuable, why not both? Throw TSLA in while you are at it and AMZN, I am sure there is some synergistic potential.

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

#135
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.

I use them to buy refurbished enterprise machines -- laptops & mini PCs, books and DVDs/BluRays. Works pretty well actually, never had any issues with the quality as long as you stick to reputed sellers.

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

#136

Earlier quoted context omitted.

Why? Who isn't aware of eBay?

It's about the brand. Ehen shopping online, everyone may have heard of eBay, but how many people are going to go there first, as opposed to Amazon, Etsy, AliExpress, Temu, wherever else. And yes, eBay is going to have the weird eBay stuff, but if users don't even think to go looking there, they've lost a sale.

They aren’t competing with Amazon anymore though

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

#137
post #71
post #57

Earlier quoted context omitted.

Can you explain your thought process here? Perhaps we're "embarrassing my basic knowledge of finance", but I wasn't able to follow his math either.

The math doesn't actually math. Even if you're not discounting the cash on hand from GME's value all of GME's market value, plus their cash on hand, plus the "highly confident" $20B still doesn't add up to the take over value in Cohen's letter.

I know it doesn't. But I felt like parent commenter was offering to explain what CNBC and the rest of us didn't understand, that he does.

TLDR: half cash, half stock.

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

#138

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.

This doesn't make any sense to me, and seems like the exact opposite of what eBay is, but maybe we use eBay differently? When I use it, I am looking for something specific. The chance a random location nearby has that thing is basically 0. If I want to peruse random thrift items, I would go to a thrift store.
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