Sam Ko

It might feel familiar🤷

[Flux Alert @FluxAlert]

Bahnhof avslöjar hemlig svensk censur av internet.

Stora svenska internetoperatörer har i tysthet skrivit på ett avtal med rättighetsjättar som Disney, Netflix, Warner Bros, Paramount, Universal och Svensk Filmindustri.

Avtalet handlar om att blockera sajter med livesport och film, och att gemensamt driva på för ny lagstiftning som gör framtida censur ännu enklare.

Bahnhof vägrar skriva på den delen.

De följer domstolsbeslut under hot om vite, men de vill inte bli politiska grindvakter åt innehåll.

Bahnhof kallar det "upphovsmaffian" och varnar för att operatörer håller på att förvandlas till censurmyndigheter genom hemliga handslag.

Sverige håller på att bli en censurstat där stora bolag och rättighetsinnehavare bestämmer vad svenskar får se på nätet.

Det öppna internet är under attack.

[bad robot ventures @foxenflask]

https://t.co/zWMyxwNbbl

[bad robot ventures @foxenflask]

Once a Schedule TO is filled, the math and details of the equity roll-in is set in stone. As in, how much is each $GME share worth in comparison to an $EBAY share. Before it’s filed, it’s still in flux and the equation and subsequent equity split in the combined entity has not been set in stone. Why oh why could he be waiting?

[Femte juli @femtejuli]

Europaparlamentet har idag beslutat att förlänga Chat Control 1 till april 2028. Tyvärr.

Dock antogs ett tillägg om att detta inte får gälla totalsträckskrypterade meddelanden.

Nu får vi fokusera på höstens kamp för att stoppa Chat Control 2.

Analys följer senare i eftermiddag.

[Liz Morton ~ Value Added Resource @ValueAddedRS]

When the $GME $EBAY offer was first announced, I was very skeptical that this kind of model would work.

Still not completely sold on it being a good fit across a broad range of categories, but I do think GameStop could improve on the current very limited eBay consignment program considerably - especially if they can offer instant liquidity.

[bad robot ventures @foxenflask]

The merger math isn’t really subtle at this point. But this is my attempt to simplify it for anyone still confused. Please keep in mind I am going off the original offer that was rejected and current known facts, both of which may and will change here shortly.

$GME has ~449M shares out with room for 2.5B. $EBAY has ~448M shares and 3.58B authorized.

Trailing, eBay earns ~3.2x more per share than GameStop (TTM: GME $1.34, EBAY $4.33). Forward, GameStop just printed $0.66 in Q1 (≈$2.64 annualized) and guided FY26 EBITDA >$600M, while Ryan’s $2B cuts take eBay EPS from $4.26 to 7.79 (+83%).

On NewCo equity math, an ~$12B GameStop is bidding ~$56B for eBay at $125/share, half cash and half GME stock. That stock leg alone is roughly $27-28B of equity handed to current eBay holders in new GameStop shares, versus about $12B of pre‑deal GameStop equity value, leaving legacy GameStop holders with ~30% of the combined equity and today’s eBay holders with ~70% on day one.

On paper, that is 30/70. In economic reality however, GameStop is already long ~9% of eBay via stock and derivatives, so roughly 9% of that 70% slice is preowned by the same shareholder base, pushing GameStop’s effective claim on NewCo into the mid to high 30s before any buybacks, with a clear path toward ~40% as the combined entity delevers and retires stock over time post-acquisition.

GameStop is handing eBay shareholders most of NewCo on paper while quietly keeping a growing economic grip and eventually, total control on a much bigger EPS and FCF machine it is already long and can lever and buy back into.

[Alex Thompson @sierrastrades]

$GME In 1999 Richemont bought 60% of Van Cleef & Arpels (family kept 20%). Full control came by 2003. The house gained global scale and infrastructure while protecting its craftsmanship, Mystery Set, and prestige.

GameStop is early in the same move, doing it faster with nearly a 10% economic exposure in eBay already. If this follows the same path, GME isn’t just investing — it’s positioning to own a massive platform, weaponize its stores as a physical edge, and dominate collectibles.

This is how you turn a retailer into something much larger.

Can't stop won't stop GameStop.

[NaiveAnalyst @naiveanalyst7]

Ryan Cohen was asked live on CNBC if crypto and trading cards could ever go together digitally. He answered with just two words: “It could.”
We all know Ryan Cohen, a man who never speaks by accident. 🧵 $GME

[bad robot ventures @foxenflask]

Every action Ryan Cohen is taking right now is highly strategic and measured, with intent and significant weight behind each action. With advise from one of the GOATS in money management, Larry Cheng.

I for one sleep really well at night and am relishing the experience of watching this historic acquisition unfold step by step. I spend way too much time thinking about it and enjoying it, as you all know 😌 $GME

[Trung Phan @TrungTPhan]

Messi basking in feeling of normality while getting searched at airport security.

Reminds me of how the only time Ronaldo was able to be a normal dude for a few hours was that time he put on a padded fat suit and fake beard/wig while clowning people with a soccer ball in Madrid.

[Daniel Waters @DanielW40094974]

Tell me AI is running parts of eBay without telling me. I’ll start.

I received an email today with an offer that expired 6/30. 🤖

[bad robot ventures @foxenflask]

Since prop 5 (proposal to increase authorized shares) of the $GME shareholder meeting passed, we will get a Schedule TO filing very soon, likely this week.

[Nym @nym]

The EU Parliament has voted on Chat Control three times.

Vote 1: restrict it.
Vote 2: reject it. 311 to 228.
Vote 3: Tuesday. Same question. Before summer recess.

Democracy is when you keep voting until the answer changes.

[Liz Morton ~ Value Added Resource @ValueAddedRS]

$EBAY CEO Jamie Iannone is getting ready to sell another ~$2.5M in stock under a 10b5-1 plan adopted Nov. 20, 2025. 💰

[Grummz @Grummz]

So most of id was laid of and it was coders.

This is the one mistake Asha made.

The id tech stuff was phenomenal and could have powered a lot of Xbox games.

[Larry Cheng @larryvc]

The difference between improbable and inevitable is often just attitude.

[Sam Ko @0xSamKo]

@p1stocks First time guidance?

[Liz Morton ~ Value Added Resource @ValueAddedRS]

$GME $EBAY