Seiceros

Tech expert - Investor - Esports - Futbol/Basketball/Tennis - Zen Buddhism

[Wooch @itswooch]

NEVER FORGET:

The day after the US DOJ announced an investigation into 60 hedge funds for manipulative short selling, the TD Ameritrade Warehouse storage facility went up in flames... 🔥🤔

[ThePPShow @ThePPseedsShow]

I believe it’s time Ryan Cohen CEO of GameStop acknowledge the short selling that is illegally occurring with the stock GameStop. The time of playing nice and by the rules are over. It’s unamerican and I simply won’t stand for it. I’ve been an investor in GameStop for 6 years and I’ve never seen anything like this in the 30+ years of trading stocks on the stock market.

I’ve seen investors lose millions, lose their homes, and their families over illegal shorting. We need someone to finally address this. @ryancohen

[Seiceros @Seiceros]

@ThePPseedsShow

[Michael A.M.E. @MindandEmotion7]

🚨One of the people behind the lawsuit to block @ryancohen is up for re-election!🚨

[Reese Politics @ReesePolitics]

BREAKING: EBAY insider Boone Cornelius reported an open-market SALE of 31,100 shares of eBay common stock for $3,411,359.

The "Chief People Officer" (🤣🤣) and "Diversity, Equity and Inclusion (DEI) initiatives Officer" now has net $10.7M of common stock sales and a whopping $0 worth of purchases.

PATHETIC. $GME

[Stephanie @stephmase22]

😊 I FIXED THE FBI MOST WANTED FRAUDSTERS LIST

I am not saying the people on the list shouldn't be on the FBI most wanted.
But Wall Street Criminals should be at the top.

They steal Billions daily from everyone's 401K and Savings.
People don't understand that their Pension is at risk.

[Pulte @pulte]

Audit the @The_DTCC

[The White House @WhiteHouse]

"I am appointing the Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac, William J. Pulte, to serve as Acting Director of National Intelligence." - President Donald J. Trump

Congratulations to Director Pulte! 🇺🇸

[No_Pie_2109 @No_Pie_2109]

Love @gamestop

But they cancelled my recent online order.

I ordered $BBBYQ shares 84 years ago and never received a confirmation where my tendies were.

@ryancohen - any chance you can help me out

I’ve been a very loyal customer and supporter

Thanks!

[M @M_oass]

We wont sell eBay 125$ per share but we will sell $EBAY for 115.99$ per share.
Genius strategy.

[Paul Branham @BoilerPaulie]

💥 Did you know that if you spent $1 on $EBAY stock right now, you’d have shown more conviction in that public company than anyone currently serving on their board or as an executive officer has since February 2021?

In over 22 years, a total of 14 eBay insiders have purchased less than 150,000 split-adjusted shares on the open market, according to https://t.co/PdA313KbuD

Only two of those people are still considered insiders:

Paul S. Pressler, Chairman of the Board
+ 5,140 shares at $29.12 on 11/30/2015
+ 4,180 shares at $23.94 on 2/1/2016
= 9,320 shares total; $249,746 invested on the open market

Logan Green, Director
+ 1,000 shares at $28.32 on 11/3/2016
+ 902 shares at $69.23 on 2/9/21
= 1,902 shares total; $90,765.46 invested on the open market

On 5/1/2026, GameStop bought 2.23x more shares than the entire current eBay board has ever purchased with their own money, according to SEC filings.

Your leaders should put their money where their mouth is.

[Paul Branham @BoilerPaulie]

https://t.co/jXQlJPvfXr: No CEO of eBay has ever made an open market purchase of $EBAY

[Ryan Cohen @ryancohen]

Responsibilities include finding out where the money is going…

[AvailableWerewolf600 @driver61d1]

With the latest tranche of the Mossad agent, Jeffrey Epstein files, it's time to call a spade a spade.

Naked short selling is an advanced form of coin clipping where you don't even need the coin!

Something tells me there's a strong overlap between Epstein's client/associates and naked short sellers.

Coin clipping was the historical illegal practice of shaving down gold & silver coins while circulating the money at its face value. You were receiving less physical currency while being expected to treat it as whole. It's currency debasement and fraud.

The practice never went away and was instead successfully rebranded and sold to the masses as inflation. Every year, your dollars lost (X) percent of its purchasing power and you were gaslight by politicians and economists that it's is a good thing.

You were told the only way to win at this game is to forego a safe, hefty savings account and reallocate that money into owning assets that can outpace inflation, (even though it's impracticable for society as a whole).

So, with what little money you have, you decide to buy some stock, oblivious to the parasites on Wall Street. You buy 100 shares of Company (Y) thinking there's only 50 million shares outstanding when in reality, the "coin clippers" of Wall Street have increased the supply to 250 million. Your true equity in the company 1/5 the size of what you realize.

As it's already well explained by others, I don't need to get into the damage naked short selling does.

The bottom line is: You paid more for less and were robbed. $GME $BBBY

Naked short selling is financial terrorism and everyone involved should be publicly executed.

[George Palikaras @palikaras]

🚨Breaking news: 🦋

@Nasdaq just LOST its Motion to Quash.

Read that again s l o w l y . . .

The Bankruptcy Court in Nevada has now ordered Nasdaq to produce extensive $MMAT/TRCH trading data under Rule 2004, including RASH and CORE data, order attributes, cancellations, replaces, executions, and related transaction records covering nearly FOUR YEARS.

The Court was NOT persuaded by the ‘undue burden’ argument, noting that producing ~15GB of spreadsheet data is not exactly impossible for… Nasdaq. (One $10 usb stick)

Even more important, the Court explicitly recognized the Trustee’s AUTHORITY to investigate whether wrongdoing occurred on behalf of the estate, including potential claims tied to stock trading activity.

Translation:
This investigation is very much ALIVE.

For months, some people mocked and undermined the Trustee’s efforts, claimed discovery would never happen, and acted like every subpoena didn’t get served initially and that it would be crushed before daylight. Instead, the wall keeps cracking.

FINRA discovery.
Now Nasdaq discovery.
And the Court explicitly referenced separate pending motions involving Citadel, Virtu, and Anson.

Interesting times ahead.

Turns out Rule 2004 is not just a decorative suggestion.

To the Trustee and legal teams, incredible respect.

It takes courage to walk into rooms filled with institutions that have virtually unlimited resources and say:

‘Produce the data’

And to the echo chambers already warming up their spin machines tonight…

You may want to read the actual order first. 🤝

Blessings to all.

[Ethan Brooks @alt_w_v_g]

You used to sell stuff on eBay.

Maybe an old camera. Maybe Beanie Babies. Maybe a coat that didn't fit.

You paid a small fee. The buyer got the thing. Everyone went home.

That eBay is gone.

The website looks the same. The logo is the same. The 135 million buyers are still there.

But the company isn't really a marketplace anymore.

It is an advertising business with a marketplace attached for distribution.

Last year, sellers paid eBay $2 billion just to make sure their own listings showed up.

Read that again.

The board calls this growth.

A Canadian who runs a video game store called it something else.

Here is what actually happened.

In 2020 the board hired a new CEO. His name is Jamie Iannone. He arrived with a strategy called focused categories.

In plain English, that means leaning into the stuff people pay extra for. Sneakers. Watches. Trading cards. Auto parts.

The everyday seller, the person with the camera and the coat, was no longer the customer.

The customer was now the seller who would pay to be seen.

In 2025 eBay did $80 billion in transactions. They kept $11 billion of that as revenue. Of that $11 billion, $2 billion came from advertising.

Sellers paid them $2 billion to promote listings on a website those sellers already pay fees to use.

That is the growth story.

In the same year, the number of enthusiast buyers, eBay's own term for their best customers, was 16 million.

It was also 16 million the year before.

And the year before that.

And the year before that.

Four years. Zero growth. They mention this on every earnings call without mentioning it.

So what does a company do when growth stops?

It buys back its own stock.

In 2025, eBay returned over $3 billion to shareholders. Most of that was buybacks. In February the board authorized another $2 billion on top.

Buybacks shrink the share count. Earnings per share goes up even when earnings stay flat. The stock price follows.

The stock was $68 a year ago. It is $108 today.

The company did not improve. The denominator got smaller.

Then a man from Canada noticed.

His name is Ryan Cohen. He runs GameStop. He started his career selling pet food online and sold it to PetSmart for $3.35 billion.

He looked at eBay. 135 million buyers. $80 billion in transactions. Real margins. Real cash flow. A board harvesting the business instead of running it.

He bought 5% of the company through derivatives and stock.

Then on May 4, he offered to buy the rest. $125 per share. $56 billion total.

On May 12, the eBay board rejected the bid. They called it not credible.

The math is credible.

What the board means by not credible is we would have to explain why we sold.

Then Cohen went on Piers Morgan.

He said eBay is run by a bunch of losers with perverse financial incentives.

He pointed out that eBay's CEO has been paid $144 million over six years.

He pointed out that he personally takes no salary and has put $128 million of his own money into the company he runs.

You do not have to like Ryan Cohen to notice he is making a point that is hard to argue with.

eBay used to be a place where regular people sold things to other regular people.

Now it is a $48 billion company whose largest growth driver is charging its own sellers to advertise to a buyer base that stopped growing four years ago, while spending billions a year buying its own stock to make the chart go up.

The board calls this strategy.

A video game CEO from Canada called it what it is.

The market is now waiting to see who else agrees.

Plz fix. Thx.

Sent from my iPhone

[Ryan Cohen @ryancohen]

🎯

[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)

[bad robot ventures @foxenflask]

In light of $EBAY rejecting the $GME offer this morning against their fiduciary responsibilities, let's take a look at Paul S. Pressler, the board Chair, who is a shining example of what failing upwards looks like in corporate America.

He has been a director since 2015. Chairs the Corporate Governance & Nominating Committee. Has been Chairman of the Board since 2020.

He was present throughout the 2019 stalking crimes, and now sits as Chairman of the full board. In 2019, he chaired the Compensation Committee, making him central to one of the most controversial decisions in the company's history: a board meeting was convened specifically to consider whether to activate the clawback provision on Devin Wenig's exit package, and the board voted not to proceed. That package was worth approximately $57 million. During a September 2024 deposition in the civil litigation, eBay's Director Ethics Counsel testified under oath that Wenig's departure was a firing, not a resignation, and that it was directly related to the stalking scandal. Despite this, the board publicly framed the exit as a mutual decision for months, a characterization that governance critics argue constitutes a material misrepresentation to investors.

Pressler's committee also oversaw a quiet exit for former SVP Wendy Jones, who was interviewed by eBay's internal investigators on August 30 and September 6, 2019 in connection with the criminal conduct and was nonetheless allowed to remain employed through December 2020. Jones ultimately received compensation packages totaling over $11 million upon her eventual departure. Pressler became Chairman in May 2020, taking the seat from outgoing Chairman Thomas Tierney immediately after those decisions were made.

The board waited until February 26, 2026 to reform its committee charters governing risk, audit, governance, technology, and compensation. That restructuring happened one day after the Steiners' civil lawsuit settled with undisclosed terms. eBay had not restructured governance at any point after the crimes became public in 2020, after entering a federal deferred prosecution agreement admitting to six felony offenses in January 2024, or at any time while the civil trial was pending. Critics at the time noted that reforming governance while litigation was active could have made those drafts discoverable and usable as evidence by the plaintiffs' attorneys. Pressler, as Chairman, would have been the chief architect of that timing decision.

Currently, Pressler chairs the Corporate Governance and Nominating Committee, the same committee that oversees Aaron Johnson, eBay's Chief Ethics Officer. Johnson was copied on the August 2019 "Whatever. It. Takes." email from then-Communications Chief Steve Wymer before the crimes occurred. His promotion to lead company ethics, under Pressler's oversight, has drawn sustained criticism from governance observers.

Before joining eBay's board, Pressler served as President and CEO of Gap Inc. from 2002 to 2007. Former employees interviewed by BusinessWeek characterized his tenure as "total system failure." Gap recorded its third consecutive dismal holiday shopping season under his leadership, and the board moved to remove him in January 2007 after months of investor pressure and public calls for his ouster from Wall Street. Founder Don Fisher had publicly defended Pressler in the months before the termination, but the defense did not hold. The board's post-departure statement that it needed someone with "deep retail expertise" was widely read as a direct indictment of Pressler's qualifications for the role. His exit triggered immediate speculation about a sale of the company. He collected $14.5 million in severance.

Pressler served as Chairman of David's Bridal from 2012 to approximately 2018, during the period when the company was owned by private equity. By the time of his departure, David's Bridal carried approximately $760 million in debt. The company filed for Chapter 11 bankruptcy in November 2018 to restructure over $400 million of that obligation. It subsequently filed for bankruptcy a second time in April 2023, this time laying off more than 9,200 employees with no funds expected to be available to unsecured creditors. The structural financial condition of the company at the time of its first bankruptcy was built during Pressler's chairmanship.

As an eBay shareholder myself, I am calling for Paul Pressler to resign immediately. No golden parachute either.