You built your Substack subscriptions off the back of $GME engagement, You made a couple bucks profit on the trade, and you never stopped complaining
I kindly ask that you keep our ticker’s name out your mouth, @michaeljburry.
Please don’t come back
You built your Substack subscriptions off the back of $GME engagement, You made a couple bucks profit on the trade, and you never stopped complaining
I kindly ask that you keep our ticker’s name out your mouth, @michaeljburry.
Please don’t come back
ICYMI - GameStop News Last Week
1. Ryan Cohen withdraws CEO performance award to focus company on eBay
2. Ryan Cohen Announces $500M personal investment into eBay transaction
3. GameStop projects FY2026 Adjusted EBITDA in excess of $600M
#proud
$GME (full links in thread)
ICYMI - GameStop News Last Week
1. Ryan Cohen withdraws CEO performance award to focus company on eBay
2. Ryan Cohen Announces $500M personal investment into eBay transaction
3. GameStop projects FY2026 Adjusted EBITDA in excess of $600M
#proud
$GME (full links in thread)
For the first time in years, GameStop just issued formal guidance: Adjusted EBITDA above $600M for fiscal 2026, up from $345.4M, nearly double.
When you’re offering eBay shareholders half their consideration in GME stock, that stock has to carry credible, demonstrable value. A formal EBITDA projection, filed with the SEC, gives substance to the equity half of the offer. It tells eBay holders the currency they’d be accepting is backed by a business with a real, stated growth trajectory, not a declining retailer.
It also quietly answers two of the six reasons eBay’s board gave for rejecting the deal: financing uncertainty and impact on growth and profitability. Hard to call GME a melting ice cube when it’s officially guiding to nearly double its core profitability.
And with the July 7th vote on authorizing 2.5B shares coming up, showing a strengthening business makes the case for giving Cohen that flexibility.
Also, I believe the timing here is clearly deliberate: first, the silence was the right tool when the job was to rebuild quietly. Now the job is to persuade, eBay shareholders, GME shareholders, the market. So Cohen started talking.
Still learning. Still sharing. Not financial advice. $GME $EBAY