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Ryan 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.
GME stock price is not really a reliable metric for measuring the seriousness of anything.
> 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.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
Ryan 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?
Also, what's a meme stock? How would you define that?
Earlier 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…
Earlier quoted context omitted.
GME stock price is not really a reliable metric for measuring the seriousness of anything.
...because you decided so?
It's a bit of a rabbit hole, but this is a good place to start: https://youtu.be/5pYeoZaoWrA?si=3YZ1SpRxOB9sglVG
> 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.
This is significantly different, in line with a strategy that seems to have been in place since he became CEO of Gamestop.
This appears to be an attempt to take over eBay the same way he took over Gamestop by acquiring a 51% controlling interest with capital he will raise by further diluting the value of Gamestop shares.
It appears long term he is trying to build the, "Amazon of the secondhand market".
Ryan 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?
I don't understand how a smaller publicly traded company can buy a larger publicly traded company. Don't they need to have a majority of shares or enough to demand a board seat? A deal like that probably needs to have outside investors and/or some leverage of some kind.
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 I didn't respond promptly.) Also, their pretend E2E encryption for messages on their Web site was just annoying (like a dark pattern intended to make people hate E2E, while not actually providing any significant security).
Earlier quoted context omitted.
NFT’s and crypto nonsense, for starters. Go look him up and what he has done at GameStop. He’s not exactly shy about his plans and likes to make dramatic statements.
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Are you?
https://finance.yahoo.com/markets/crypto/articles/gamestop-d...
You sound quite defensive. Are you a GME bagholder?