$GME $EBAY - GAMESTOP CEO COHEN ESCALATES EBAY TAKEOVER BID
GameStop CEO Ryan Cohen renewed his push to acquire eBay after his $56B offer was rejected by the company’s board.
In an interview, Cohen criticized eBay’s structure, saying it is “literally obese” and “extremely overweight,” arguing there are major opportunities for cost-cutting.
eBay dismissed the bid as “not credible or attractive,” while Cohen said rejection was expected and vowed to “do everything” needed to pursue a deal.
BREAKING 🚨
Ryan Cohen just turned $eBay into absolute chaos 😂
Top 3 items right now:
1. GameStop store signs – $14,921
2. Halo 2 Master Chief statue – $14,666
3. Socks… yes SOCKS – $14,188
The GameStop $GME army doesn’t buy normal things… they send statements 📈
Ryan Cohen: "You look at eBay spending $2.5 billion to grow 1 million users. $2 billion in cost cuts between sales and marketing and corporate overhead — it's not a lot. And it's not something that's going to take a few years. It's something that is going to happen fast, fast, fast. Because I'm putting leverage on this thing, and I don't want to run a leveraged business."
They started a revolution.
One built the company.
One built the community.
Together, they built a movement.
Time to make history again
It's not complete until the reunion!
@ryancohen@TheRoaringKitty
$GME to the moon 🚀
Excited to be celebrating the launch of the new Super73 - MZFT. Congrats to the @super73 team on this launch!
To join in on the festivities, I’ll be giving away one Super73 - MZFT to a randomly selected person who reposts this (will select tomorrow).
https://t.co/ZIgyDF6SqI
A new monthly sales record for trading cards according to @CardLadder in August of $416.8M, far surpassing the previous record from the month before.
Card Ladder tracks pretty much every online platform with recorded transactions, and notably does not include offline/most private transactions, shows, etc.
https://t.co/G4AnewW9Wu