Cryptic

Digital Nomad | Crypto | Collectibles | Degen | Michigan

[Cryptic @WhySoCryptic]

@BLKMDL3 @Tesla I look forward to getting in my M3P everyday, still to this day. It never fails to excite! $TSLA

[Cryptic @WhySoCryptic]

@alohadajosh What’s your battery degradation at?

[Cryptic @WhySoCryptic]

Partially filled but within the first million, gotta start somewhere! 🚀 $SPCX

[Elon Musk @elonmusk]

It’s over

[XBOX @XBOX]

November 19th

Wishlist Now: https://t.co/O1RVROCl2Z

[Elon Musk @elonmusk]

This is so unjust

[Tony Rigatoni @tonyrigatonee]

Jewish niggas be like "we dont control American politics" and then spend 30 million dollars unseating a single congressman in Kentucky

[Thomas Massie for Congress @MassieforKY]

@Erin_Houchin @realDonaldTrump @TeamTrump @EdGallrein How do his boots taste?

[Thomas Massie @RepThomasMassie]

i ain’t reading all that
im happy for u tho
or sorry that happened

[Cryptic @WhySoCryptic]

@nursedanakay What camera do you use and how is it mounted?

[Cryptic @WhySoCryptic]

wen X Marketplace @elonmusk ?

[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

[Cryptic @WhySoCryptic]

who’s gonna tell him about the break in period and rpm restrictions during it….

[SAUCE GARDNER @iamSauceGardner]

my Escalade V locked up while i was driving. they said it needs a new engine. it is a 2026 with 2k miles on it... how is this even possible?

[Cryptic @WhySoCryptic]

How much is it @grok?

[Elon Musk @elonmusk]

Try it out

[Cryptic @WhySoCryptic]

@rarefinds That’s my living room floor and set btw 🤣

[Cryptic @WhySoCryptic]

What the goat said 🤌📈

[Golden @rarefinds]

The first ever English Pokemon collectible cards available to the public were the November 1998 KFC cards. There are seven character cards in this set: Charizard, Pikachu, Ivysaur, Snorlax, Onix, Scyther, and Dragonite. As it currently stands, the character card with the lowest POP in a PSA 10 is Ivysaur with only 50 cards in the world in that grade. This means there is a max supply of 50 possible complete sets of the full seven-card collection in a PSA 10.

Due to the age of this collection and PSA’s likely desire to control POP count, I doubt there will be many more PSA 10s awarded for any character cards. The fact that the Charizard and Pikachu cards in particular have spiked in the last month will only make it more difficult to secure a complete set of these grail cards. Only 50 possible sets, this is extremely scarce.

[Cryptic @WhySoCryptic]

@MarmaGib62 @mandyarthur @grok @grok is there a link where I can purchase this exact copy?

[Cryptic @WhySoCryptic]

@MarmaGib62 @mandyarthur @grok @grok what book is this?

[Nick shirley @nickshirleyy]

You tried to paint me as a pervert for exposing fraud, and as a result radical leftists started trying to dox me and send death threats, wanting to kill me.

Now you are taking credit for “leading the charge” on the fraud. Are you serious?

You are the fraud.

[C3 @C_3C_3]

DeCarlos Brown arrests…

1. Capable
2. Capable
3. Capable
4. Capable
5. Capable
6. Capable
7. Capable
8. Capable
9. Capable
10. Capable
11. Capable
12. Capable
13. Capable
14. Capable
15. Incapable to stand trial

What a miscarriage of justice.

Sickening.