Ryan Cohen: “Why Does Everyone Want GameStop to Fail?”
$GME CEO @ryancohen:
“The media is an example. Why is it that you've got a ($EBAY) management team with no skin in the game, they're not builders, they haven't built anything themselves before, they've basically just been employees at major companies, they’ve been overpaid, I don't think they've ever broken out a sweat in their entire lives, why does everyone want them to succeed?
But when you have someone that, and by the way, I'm putting $500M of my own money into this transaction, I haven't pulled a penny out of GameStop, and it seems like everyone in the media basically wants us to fail, and wants them to succeed.
And you've got a board that's making hundreds of thousands of dollars a year. They don't buy stock with their own money. They end up showing up to a handful of board meetings, and they're making a fortune. You've got a management team that is grossly overpaid, taking zero risk.
There's nothing more American than basically risking your own capital. So why does everyone want us to fail?
@friedberg:
“I do think that the media, in order to give you credibility, they're gonna have to acknowledge that all of their takes on GameStop just being a meme stock were wrong, and that there is actually a business here, and that there is value being created here, and that they missed that, and they got the story completely wrong.”
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Ryan Cohen reposts 'All-In' Podcast clip in which he asks "why does everyone want $GME to fail?"
This will trigger another Form 425. Change in ownership coming soon?
$GME quick update:
- @ryancohen comp package is off the board
- @ryancohen announced he is pursuing the creation of a digital collectibles marketplace, akin to weapon skins on Steam but much larger
- $GME announced $500 million of extra funding from the CEO himself
More details to follow this week!
Ryan Cohen says he's putting in $500M of his own money into the $GME $EBAY deal and also addresses the media hate towards GameStop in newest interview 👀
BREAKING:
Ryan Cohen revealed for the first time that he is going to put $500M of his own capital into the $EBAY bid
He also revealed that he has spoken to institutional investors prior to the upcoming Schedule TO from $GME
JUST IN 🚨
RYAN COHEN CEO OF GAMESTOP OFFICIALLY DROPS CEO PERFORMANCE AWARD. THIS COMES RECENTLY AFTER DISGRUNTLED INVESTOR BRINGS LAWSUIT AGAINST COHEN AND GME BOARD.
STAY TUNED FOR DETAILS
#GME Can do $1.9B in buybacks, retire like 80M shares, trigger warrant exercises at $32, retrieving the $1.9B and putting 59M shares back in circulation. Neutral impact on cash, higher floor for share price.
Gamestop posting a surprise earnings . . . for their greatest EVER quarter . . . with a $2 billion share buy back programme . . . on the 2 year anniversary of Roaring Kittys YOLO . . . whilst XRT is still on reg show . . . the day Andrew Left goes to prison
Feindish Ryan Cohen