Coug Difu

Short Hedge Funds/Market Makers paid for the original $GME ATM offering and helped wipe away GameStop’s debt 😂🫵

[Coug Difu @DroLoco]

@Bxnchero Castle at 26 is a joke

[Coug Difu @DroLoco]

@ShaunFitzzzy They really seem to want to crush the idolatry of RC

[Coug Difu @DroLoco]

@sneedweb This is where Ken thinks it should be valued

[Coug Difu @DroLoco]

@gavinmayreal Yeah, the highest quarterly income ever is bearish

[M.B. @741trey]

GAMESTOP

[Ryan Cohen @ryancohen]

https://t.co/kVPvOobXU2

[Coug Difu @DroLoco]

@CYBERCREWNFT @ryancohen

[GameStop @gamestop]

GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.

https://t.co/BAu3T6V9w4

[Coug Difu @DroLoco]

@jj4t12win10 “You don’t know if a ball is blown up or stuffed” - JVG on Alex Martins

[Coug Difu @DroLoco]

@kmedved The fines would be just as selective and inconsistent as the refereeing.

[Coug Difu @DroLoco]

@JoeBosley @cguzzle Type another whiny paragraph 😂

[Coug Difu @DroLoco]

@WOLFMINDSET67 @ReesePolitics Who is “us”? lol speak for yourself

[Coug Difu @DroLoco]

@nsedef @YahooFinance How about over the last 6 years?

[Paul Branham @BoilerPaulie]

Allow me to translate this letter from eBay for those who don’t speak legalese:

Ryan,

We got your unsolicited offer to buy eBay for $125/share (half cash, half stock) supported by your 5% economic interest in eBay.

Our board, backed by the usual crew of bankers and lawyers who get paid either way, “thoroughly reviewed” it.

We’re rejecting it. Not because the math doesn’t work. Not because the highly confident letter from TD Securities for up to $20B on top of your $9B+ cash pile is fake. None of that.

We’re rejecting it because your entire approach to running a company is an existential threat to how we like to operate here.

Here are the reasons we feel this way, and the things we considered before paying consultants to write this:

1) We’d rather keep milking eBay as a “standalone” cash cow than let you turn it into something bigger and better.

2) Sure, you’ve got real financing lined up and you “know people” with deep pockets, but we’re going to call it “uncertain” anyway so we don’t have to engage.

3) Your plan would actually force real long-term growth and profitability changes we’d rather not be held accountable for.

4) The debt we pretended you can’t even obtain, the operational integration and focus on seller satisfaction, and most importantly, putting someone like you in charge of the combined entity all sound like a nightmare for our current leadership structure because all of us would have zero job security.

5) The valuation math only looks bad if you ignore the 46% premium you’re offering our shareholders and the upside from fixing eBay the way you fixed GameStop, which we are choosing to do and hoping nobody notices.

6) And I hope we buried the lede far enough here: Your governance and executive incentives are completely incompatible with ours. You and your board take zero cash, no salary, no bonuses, no golden parachutes. You buy shares with your own money and only get paid if shareholders win. We, on the other hand, like our nice, reliable annual payouts regardless of whether the stock is flat or the company is just coasting. We’re not about to hand over our golden goose to a guy who eats only what he kills.

Look, eBay is “strong” and “resilient” in the way every entrenched public company says it is while handing out eight-figure checks and perks to the C-suite. We’ve done the usual incremental stuff: tweaked the marketplace a bit, returned some capital, and we’d like to keep doing that without any cowboy from GameStop coming in and demanding actual skin-in-the-game accountability. Can you just leave us alone?

Our team remains focused on protecting the current regime and delivering “value”… mostly to ourselves and our consultants.

Thanks, but no thanks,

Paul S. Pressler
Chairman of the Board, eBay
(And proud beneficiary of the status quo)

[Coug Difu @DroLoco]

Complacent fat cats should be scared #eBay #gme 🏴‍☠️

[Anthony Pompliano 🌪 @APompliano]

“eBay needs to be on Ozempic.”

$GME $EBAY

[Coug Difu @DroLoco]

The GME FUD Meter right now

[Coug Difu @DroLoco]

@ryancohen My biggest question with this acquisition is how would you deal with the authentication of esoteric/specialty items that are brought into stores to be sold like luxury watches, rare sneakers, jewelry, etc? @ryancohen @gamestop @GameStopHelp

[Coug Difu @DroLoco]

@Oggie5J_O_ @business @opinion It’s literally like one of the bosses grabbed the social media manager’s iphone and typed this panicky stream of consciousness

[Coug Difu @DroLoco]

@jordanschochet @business That would actually be funny as fuck