@vparsi01@KobeissiLetter@grok Genuinely curious - what logic was used to formulate your question? Are you assuming that their cash on hand would disappear as a result of not getting eBay? Or that they have zero backup plan?
A respectful response to Michael Burry's letter published today, 5/7/26, commenting on Ryan Cohen and the $GME x $EBAY proposition (posting his letter in comments)
@JamesSurowiecki@ButtFarm69@ryancohen But why is everyone so focused on that debt? You really think $GME is going to accrue debt to merge with a business and not benefit from any of its earnings/profits 🤣. So if I wanted to purchase a rental home that generates more income than my debt payments, I’m an idiot?
🚨 @RyanCohen calls out @eBay. 🚨
Then he walks onto @eBay and uses their own platform to prove his point.
A PSA 10 Trump Topps Now card with a @PSAcard estimate around $216 is already bid up to $1,525 with nearly a week left.
That is not just an auction.
That is a live demonstration of price discovery, scarcity, culture, attention, authentication, and marketplace liquidity all colliding in real time.
Now zoom out.
He is reportedly doing this with 20 items.
At this pace, he might use the proceeds to buy eBay himself.
But the joke is hiding the real lesson.
This is checkmate.
Ryan is not just telling eBay’s board they are underperforming.
He is using their own platform to show the world what they have failed to understand.
@eBay does not just have listings.
It has cultural inventory.
It has collector psychology.
It has trust infrastructure.
It has global demand sitting behind every rare, authenticated, story-driven asset.
Yet the board does not meaningfully buy shares, does not appear to act like owners, and does not seem to fully leverage the machine sitting directly in front of them.
@RyanCohen is turning their own scoreboard into the argument.
This is not trolling.
This is activist investing as performance art.
This is strategy with a receipt attached.
The man is showing that collectibles are not dead inventory. They are financialized culture. They are emotional markets. They are attention assets. And when the right operator understands that, a marketplace stops being a website and becomes an arena.
One day, Harvard Business School will write case studies on this.
The activist did not just call out the board.
He used their own product to expose the opportunity they were sleeping on.
Checkmate.
So, the only thing that really changed today is that GameStop disclosed a long position in eBay that’s up around $500 million.
$GME -10% totally makes sense
AMP founder @AnjneyMidha thinks GameStop CEO Ryan Cohen is onto something with his eBay bid.
He says that eBay's 10K filing showed it spent $2.4B on marketing to acquire a million users, or $2,400/ user, in FY2025.
"I don't think he's buying eBay because he thinks he's smarter than eBay's product team. I think he's buying eBay because he can see $2 billion of fat that Wall Street has been pricing as fixed costs. So he goes, 'Let me cut that, and the interest on the debt just pays for itself.'"
Anjey also says Cohen could use Gamestop's 1,600 retail locations to physically authenticate collectors' items, which eBay does big business in.
@ClippersSD@Jimmyking35@thestevenwoods 🤣🤣🤣🤣 holy shit, “it should be more well known.” Even if some fans don’t know it, this song 100% translates to - oh shit, this guy is about to throw GAS