I had the sense this was never a serious, newsworthy story. Just a wild boast that somehow got clicks.
eBay Rejects GameStop's $56B Takeover as Not Credible
241–250 of 251 posts
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#242Earlier quoted context omitted.
Yeah my main point was it's a complete pain in the ass to deal with if you want to do it properly in a way that actually prevents fraud on either side. eBay has kind of just erred one side or the other for most of it's existence and right now the complaints are mostly from the seller side that I see.
I guess that’s why the Amazon model works: if you warehouse and deliver, then you cut out a lot of the fraud. Sellers gotta deliver one way or another anyway so building out that logistics doesn’t add much friction to the whole process at scale. If things turnover quickly enough, the first mile benefits exceed the warehousing expense.
Amazon's return policy is also getting pretty bad. There's a lot more third party sellers on the platform and occasionally users sent incorrect items get their refund refused because "item not returned" which is extremely frustrating when it happens. They're also kicking more people off for returning large numbers of items.
And as to GME trying to shift to that they did attempt that already, it was one of RC's first attempts at pivoting back in 2022, they added something like a million square feet of warehouse and fulfillment and it didn't really work.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#243Earlier quoted context omitted.
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.
You guys might not have seen the recent interviews (last week) with gamestop CEO Ryan Cohen. Gamestop has already pivoted, game and console sales are cyclical and hard to base a business upon. They have leaned hard into collectables as a way to expand their business and retail model. I am unsure how a Gamestop/eBay storefront would do. Physical manifestations of "eBay stores" have existed in the past and none of them…
> They have leaned hard into collectables as a way to expand their business and retail model
This is a market that is a fraction of the size of the game market, their pivot is into a smaller business?
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#244Earlier quoted context omitted.
They still don’t have anywhere close to buying eBay.
Please see: Leveraged Buy Out. For the benefit of all the people on this thread not understanding what the proposal is for the acqusition: "A leveraged buyout (LBO) is the acquisition of a company (typically by a private equity firm) using a significant amount of borrowed money (debt) to meet the purchase price, often 60% to 90% of the total cost. The target company’s assets are used as collateral for the loans, whic…
TD bank is never going to give $20b for this transaction, they spelled it out quite clearly in their HC letter. It was a publicity stunt by GME.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#245I 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.
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…
very impressive spokesman for the business and transaction
> it's on our website https://www.youtube.com/watch?v=Bmj2PaxX24E
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#246Any 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.
I hope this happens bc they can't even get financing so it would prolong the hilaritiy
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#247Earlier quoted context omitted.
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
Here in 2026, Gamestop has closed more than 4,000 stores and only has about 2,000 stores open.
The people have voted with their feet, despite anecdata
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#248Earlier quoted context omitted.
Please see: Leveraged Buy Out. For the benefit of all the people on this thread not understanding what the proposal is for the acqusition: "A leveraged buyout (LBO) is the acquisition of a company (typically by a private equity firm) using a significant amount of borrowed money (debt) to meet the purchase price, often 60% to 90% of the total cost. The target company’s assets are used as collateral for the loans, whic…
In a leveraged buyout you actually buy out the company so you take the risk of the debt and the sellers get the cash... Trying to do a 50% cash, 50% share deal, (where the shares hold the debt that generated the cash) is asking eBay's shareholders to be paid with cash borrowed from themselves!
This pattern of acquiring a company via debt financed on the value of the company is a leveraged buyout, is far from new and it's definitely quite corrosive to the finances of the new company. The pattern that plays out time and time again is the new debt from the acquisition severely hampers the new entity's ability to actually make the changes that might save them other than the chance to be raided by the buyer's management firm of choice.
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#249Earlier quoted context omitted.
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.
Remember the term vapourware?
Yes, what about it?
Re: eBay Rejects GameStop's $56B Takeover as Not Credible
#250Earlier quoted context omitted.
They're in an entirely alternate reality where those evil hedge funds did not fleece them for all they're worth. They got had, by GME insiders and by institutional investors. And, lots of people warned them, but they had belief and diamond hands. I hate that this shit goes unpunished. Though, I guess the apes got mad as hell at anyone that tried to talk them down, or did anything to slow the bleeding.
> I hate that this shit goes unpunished. The apes did get punished though? And the hedge funds correctly took advantage of irrational behavior by other actors in the market. This is how price-finding in the markets is supposed to work, I can barely call that "evil".
No, I mean the GME insiders who made a bunch of money off the apes, pretending to be on their side. They may be gullible and ignorant about the market (and very annoying online), but it's shady as hell that GME leadership hasn't been forthright about the state of things.