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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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last week I shared a video on YouTube summarizing my $BBBYQ video series. you can find it here: https://t.co/rPJdebbeDG
have a listen if you missed it. good recap ahead of new analysis coming tomorrow at 12:30pm est.
"It's not a denial..."
GameStop CEO Ryan Cohen confirms he is seriously considering a hostile takeover of eBay.
📺https://t.co/zpzxpvZc5d
@piersmorgan | @ryancohen
The operator/investor who focuses 70% on the present and 30% on the future might as well be a completely different species than one who focuses 30% on the present and 70% on the future. Totally different mentalities.
I started a YouTube channel that will begin with my $BBBYQ video series uploaded if you prefer to watch or listen there. I've starting with Part 1: Interests; here is a direct link: https://t.co/4zhjZCplht
more soon!
$EBAY - RYAN COHEN PUSHES eBAY BID DESPITE REJECTION
Ryan Cohen says he remains committed to acquiring eBay, despite the board rejecting GameStop’s offer as “not credible.” He told Barron’s he may take the bid directly to shareholders and argues the deal would unlock value through cost cuts and synergies in collectibles and e-commerce. GameStop now holds a 7.8% stake in eBay. Cohen says eBay is “underearning” and insists he can improve profitability significantly.
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