$GMEβs 55.5B $EBAY bid was designed to be rejected.
The bid itself is what unlocked everything:
- 13D (5% derivative position)
- HSR filing (starts 30-day clock to convert derivatives into voting shares)
- 425 rights (every public statement about the deal becomes a formal proxy communication to eBay shareholders).
But the DEF 14A is where it gets surgical.
Cohen filed the GME proxy asking shareholders to authorize 2.5 BILLION shares.
Outstanding: ~448M.
That's a 5x increase.
The bid offers eBay 50% stock consideration.
What board sees that and says yes?
He handed them the objection.
"Neither credible nor attractive."
The rejection gave him exactly what the bid couldn't: a campaign narrative.
- An entrenched board that rejected a 46% premium.
- A CEO who's never invested a dollar of his own money.
- Directors collecting $4M in fees.
Now look at what he built before any of this:
March 2: Filed https://t.co/jWuPImmRaD trademark: "provision of an online marketplace for buyers and sellers of goods and services"
Feb 4: Started accumulating eBay derivatives
And what he's done since the rejection:
- Escalated from 23M to 34.5M shares derivative exposure (7.78%)
- HSR clears this week and those derivatives become convertible to voting shares.
TL;DR:
The bid gave him the legal infrastructure.
The proxy gave eBay the reason to reject.
The rejection gave him the campaign.
And the share authorization vote happens after eBay's shareholders have watched their board reject a 46% premium while Cohen shows up to their AGM as a major voting shareholder.
The proxy was the bait. The rejection was the trigger. The calendar does the rest.
This is why I don't sell. "I like the stock" ;))
Ebay has a non-existent customer service. GameStop is all about their customers. The Ebay takeover 100% needs to happen.
@ebay@gamestop
I believe the eBay x GME deal may take between 6-9 months to complete
I believe in the interim GameStop will see a catalyst that exponentially raises the share price
This would allow a cheaper future stock/cash deal once Ryan Cohen has majority control over the eBay board π₯
The E. Jean Carroll case against President Trump is one of the strangest civil cases in American history. The foundational problem is this: Carroll could not identify when the alleged incident occurred β not even the year with any precision.
That should have killed the case as dead as a skunk on the road right there.
Without a temporal anchor, no defendant β regardless of guilt or innocence β can mount an alibi defense. Trump, who has maintained detailed calendars and staff records for decades, was denied the most basic tool of self-defense: the ability to establish where he was. That is not a technicality. It is a due process violation at the constitutional level.
Then Carroll produced the one piece of physical evidence she claimed corroborated her account β the dress she wore during the alleged incident. It was subsequently established that the dress was designed after the incident could have occurred. The sole corroborating evidence falsified her timeline.
The case proceeded anyway.
The resulting verdict was then weaponized in a defamation suit β where Trump was held liable for denying the allegation, while being procedurally barred from defending against it, because it was already "proven" in another court, regardless how flawed the procedure was. He was punished, in effect, for asserting his own innocence.
Compounding everything: coordinated professional and physical threats so thoroughly intimidated the legal community that attorneys refused these cases regardless of available fees. When you systematically destroy a defendant's ability to retain counsel of choice, you forfeit the right to a legitimate verdict.
An allegation is not evidence. Process without substance is not law. And a verdict produced under these conditions carries no legitimate authority β whatever its formal status.
Not only is it the right move to investigate Carroll, but every other person involved as well. Trump is owed serious damages here, and there may be a few people who belong in prison for their roles in the case.
INSTEAD OF WATCHING AN HOUR OF NETFLIX TONIGHT.
This 1 hour Stanford lecture by Joel Peterson will teach you more about negotiation and getting what you want than most people learn in years.
Bookmark it and give it an hour, no matter what.
CBS News said there was no evidence of fraud.
The NYT said the Somali community was being targeted
CNN said there was "little evidence."
Tim Walz said it was βwhite supremacyβ to expose fraud
Today: $90M busted and 15 charged.
IT WAS ALL FRAUD AND THEY KNEW.
π¨THE FBI CREATED A FAKE CRYPTOCURRENCY.. LISTED IT ON UNISWAP.. HIRED MARKET MAKERS TO PUMP IT.. THEN ARRESTED EVERYONE WHO SAID YES..
THIS IS THE CRAZIEST LAW ENFORCEMENT OPERATION IN CRYPTO HISTORY!!!
The FBI built an actual ERC-20 token on Ethereum called NexFundAI.. 100 billion token supply.. A professional website.. Whitepapers promising "passive income through AI-powered investing"..
It looked exactly like every other crypto project.. Because that was the point..
Undercover agents posed as the founding team.. Then reached out to professional market-making firms and said "we need you to fake our trading volume"..
Every single firm said yes..
Here's what they recorded..
Gotbit.. A firm run by a 26-year-old Russian who publicly bragged in 2019 that he built a business faking trade volumes.. His team kept internal spreadsheets with columns literally labeled "fake volume" vs "market volume"..
When asked how fast they could pump NexFundAI's volume to $1 million per day.. They said "6 hours.. It will cost about $200"..
$200 to fake $1 million in daily trading volume..
MyTrade.. Run by a guy who called himself "the mastermind".. He explained the exact psychology of the scam on camera..
"We make the chart look like a really nice roller coaster ride.. That's where people jump in.. We have to make them lose money in order to make profit"..
He said that on a recorded FBI video call..
CLS Global.. A Dubai-based firm.. Their bots generated 98% of NexFundAI's total trading volume.. When the FBI asked if they could sync fake volume spikes with fake news announcements.. They said absolutely..
ZM Quant.. Bots executing 10 to 20 trades per minute through dozens of wallets to look organic..
All of them knew it was fraud.. All of them did it anyway.. All of it was recorded..
And the clients were even worse..
Saitama.. A meme coin that hit $7.5 billion market cap.. The founders coordinated buys through private Telegram chats.. Sent "pump it" memes while manipulating the price.. Then dumped on retail investors..
$7.5 billion.. Built entirely on fake volume.. Every penny of real money came from retail investors who thought the momentum was organic..
One founder left Saitama and started Robo Inu.. Used Gotbit again.. Another launched VZZN.. Same playbook..
Lillian Finance.. Founder claimed to be a defense contractor who addressed Congress.. Marketed the token as funding children's hospitals.. Pocketed everything..
When the FBI shut it down.. They seized $25 million in one day.. 18 people indicted across the US, UK, and Portugal.. The CEO of Gotbit was arrested in Portugal and extradited.. Sentenced to 8 months plus $23 million forfeiture..
But here's the part that broke my brain..
Real people bought NexFundAI..
The FBI's fake token.. With zero utility.. Zero real developers.. Created solely to catch criminals.. Attracted real retail investors because the fake volume made the chart look bullish..
When the FBI pulled the liquidity to end the operation.. Those people lost real money.. On a government-issued token..
The FBI had to set up a restitution portal to pay them back..
And it gets worse..
Within 24 hours of the DOJ announcing the sting.. Someone cloned the FBI's exact smart contract.. Launched a copycat token.. Rode the viral momentum.. And made $127,000 in a single day..
Using the exact same manipulation tactics the FBI just arrested 18 people for..
Then in 2026.. The FBI did it again.. New token called Lexobit.. 10 more arrests.. Including operators extradited from Singapore..
IRS forensics showed that in one firm's trading.. 1,209 out of 1,221 consecutive transactions went straight back to wallets the firm controlled.. 99% circular..
The FBI proved what everyone in crypto suspected..
The volume is fake.. The charts are painted.. The momentum is manufactured..
And every time you buy a token because "the chart looks bullish".. You might be the exit liquidity.
Ryan Cohen and GameStop, as the ~5% shareholder, can publicly push for eBay shareholders to vote YES on Proposal 4
This is legal and permitted under SEC proxy rules
eBay's meeting is June 17th, he could have one month to market the votes publicly
Will this be the strategy?
This is already one of the major financial memes of 2026. The story is still developing. What type of coins get cabaled ? Draw your own conclusions and DYOR ;)
#HalfCashHalfStock#GameStop#Ebay