FULL INTERVIEW: $GME CEO @ryancohen joins TBPN to discuss the eBay acquisition
00:22 Unpacking "half cash, half stock"
02:07 Ryan's vision for eBay
04:36 Live commerce and eBay
05:12 Why he's the best person to buy eBay
06:29 History of cutting costs at GameStop
08:47 Comparing the bid to Elon's Twitter take-private
12:01 eBay's reaction to the bid
13:48 Why eBay will be worth more under Ryan's leadership
18:02 How much of his net worth will be in eBay if the deal goes through
19:10 eBay's digital goods opportunity
22:57 Options if eBay rejects the bid
25:58 On ModRetro and retro gaming
GameStop Announces Dividend of Warrants to Shareholders:
- 1 warrant for every 10 shares of $GME common stock held
- exercise price of $32.00
- expiration date 10/30/26
- warrants are freely tradable on NYSE: GME WS
Full details below:
https://t.co/4A4eHJ75jo
Superstonk $GME post of the day!:
I HOLD BECAUSE HOLDING FEELS REVOLUTIONARY
I know what happened to my momโs pension back in 2008. I heard my dad on the phone arguing with the bank about their mortgage.
Thatโs why I protested in the streets demanding justice. I was old enough to be a tax payer when tax payers bailed out banks โtoo big to fail.โ
Truth is, thatโs why I purchased my first share of GME. Right at the peak of the sneeze.
Back then I didnโt know about @ryancohen or @TheRoaringKitty. I knew *of* Chewy and I had a Reddit account, but I had no idea what derivatives were or what it meant to cellar-box a company or naked short a stock.
I didnโt learn or know about anything stock related until *after* I purchased that first share of GME. Itโs wild to think that moment is shaping up to be a pivot point in my adult life.
After I bought that first share I did a nose dive into all the DD I could find. I lost sleep teaching myself shit that I wasnโt taught in school or passed down to me by family members.
And the more I learned the more I realized that buying and holding GME was a chance to take a stand. A chance to make some money whilst simultaneously exposing the greedy fucks that crashed our economy and the government that helped make it all possible.
The icing on the cake was growing up I only knew about 1 video game store: GameStop.
Did I always get a good deal when I traded in my N64 and SNES games? Hell no. But did I always stop by in the mall to demo new games and consoles? Yup. Did I buy used games and controllers cuz new ones werenโt necessary? Yessir. And did the bull thesis outlined by Keith Kill make sense? Iโll be damned, it did!
DFV was crystal clear, and I agree with him. Thatโs why buying and holding GME was (and is) a fail safe bet for me.
I donโt know what Ryan Cohen is gonna do with 4 billion dollars. But I know he wasnโt born rich, and I know his father wasnโt born rich either. And I know he went from being a whale investor to a Chairman of the Board to the CEO of the fuckin company (that doesnโt take a salary).
Just like I know Keith Gillโs real name, and why he likes GME, and exactly how much money and time heโs invested into what he believes in.
Thatโs why for me personally, I canโt lose by buying and holding. I get to be a part of a community that's unified in our fight for market transparency and economic freedom. Everything else is a bonus.
The turnaround strategy is a bonus.
The fuck ton of cash on hand is a bonus.
The relatable meme Gods are a bonus.
The perks and plus-sides to this company arenโt exclusive of one another. They are *in addition to* the fact that THE SHORT SELLERS OF THIS STOCK HAVENT CLOSED THEIR POSITIONS.
So Iโll just hold steadfast and zen while this little brick-and-morter video game store turns itself into a Gameshire Bathaway.
Because worst case scenario,
the stock goes up.
Best case scenario,
the stock goes up fast๐
https://t.co/eaMV8hUKmA
Keith bought 5 million shares, and 12 million shares in short dated calls. He broadcasts his position only 3 weeks prior to option expiration, showing a level of conviction that would convince almost anyone something is happening, and to potentially buy in with him. One week prior to expiration, he dumps the calls, AND buys the shares within a 2 day trading period. Removing those shares off the market makes GME even less liquid during this period of negative rebate short lending. If these options reach market makers who hadn't sold a naked call, the Open Interest remains high, if they reach a market maker who wrote it, the Open Interest drops. Based on the data, only a 3rd of his options actually closed out. The remaining institutional bagholders now NEED the stock over $27 to break even - but this forces deliverable EVERY SINGLE SHARE of anyone who copied his trade also. So now, to hedge this loss, institutional traders will have to accept massive losses, OR, reduce losses by passing the puck to someone else by purchasing ANOTHER call... see where this is going? Market makers are going to be forced into buying calls to cover calls from other market makers. This will shoot the stock over $128, putting every single option in the entire chain in the money. This play is a millionaire maker. It's laid out before us, by absolute genius planning. $GME
Ok, I just got some intel on the CAT funding. The Senate rider to block the CAT was not included in the Senate funding bill. I'm told it was a misunderstanding - there was no actual intention to defund the CAT by the Senate, and it never would have made it through with Dem control. That being said, the 2025 appropriations process in the House has begun and is targeting all the new SEC rules along with CAT funding. This upcoming election will be critical for market reform. Ken Griffin controls the Republican party, and will be authoring their policies if they have control. There is no daylight between Citadel's views and Rs on House Financial Services.
. @TheRoaringKitty is live-streaming for the first time in three years tomorrow!
GameStop price is blowing up even more.
Mainstream media is spinning more lies. Hereโs a debunk of all their bullshit, and everything you need to know.
Hype train leaving the station ๐๐๐