GameStop recognizes a $286.4 million unrealized gain on it's put/call options on it's $EBAY position.
This is 1 day before it's official proposal to acquire eBay on May 3, 2026.
I assume it's the cost basis for $GME's initial eBay position, which has only grown since then.
GameStop $GME approves a $2 billion share repurchase authorization through June 2029.
This action paired with GameStop seeking to raise its authorized shares to 2.5 billion is simply GameStop keeping all options on the table.
I will be voting YES across all voting matters.
@gorebath6666 israel will collapse before 2030. They know it and that's why jewish tourists are burning down Patagonia.
They're prepping Argentina as their new refuge.
For the tinfoil enjoyers.
Ryan Cohen is drinking from a Green bottle of Mountain Valley Spring Water in his Joe Fonicello interview where he addresses why he sold BBBY.
DK-Butterfly (BBBY) is now suing Keurig Green Mountain in an antitrust lawsuit.
https://t.co/WJoAjyXa0R
For more context, this is not the first time Keurig is being sued for holding a monopoly.
It appears they were sued in the past and while litigation for Direct Purchasers (stores like BBBY) is still ongoing, the Indirect Purchasers (retail customers) received a $31 million settlement in late 2020.
The Direct Purchasers were seeking a class certification against Keurig to the tune of $3+ billion. Their class certification was struck down but they are allowed to proceed separately.
This lawsuit is an extreme wild card that could net DK-Butterfly anywhere from tens of millions of dollars in damages to even hundreds of millions in damages if not billions.
https://t.co/MQhrM3wFOG
DK-Butterfly (BBBY) launches a new antitrust lawsuit against Keurig Green Mountain with a demand for jury trial.
From Oct 2012 to March 2023, BBBY purchased over $1 billion K-Cups from Keurig.
BBBY alleges that they were overcharged due to Keurig holding a monopoly in the Compatible Cup Market and Single Serve Brewer Market.
The amount in damages are TBD.
I uploaded the complaint to Court Listener:
https://t.co/We3HUVZxxl
$BBBYQ Antitrust Litigation (Monopolizing Trade)
https://t.co/I2Ot0i2GB4
Keurig was served on 5/21 with an answer due by π 6/11 for the BBB estate's antitrust lawsuit. This is an incredibly catalyst for recovery, targeting massive trebled damages over $1B+ in K-Cup purchases! βοΈ
For more context, this is not the first time Keurig is being sued for holding a monopoly.
It appears they were sued in the past and while litigation for Direct Purchasers (stores like BBBY) is still ongoing, the Indirect Purchasers (retail customers) received a $31 million settlement in late 2020.
The Direct Purchasers were seeking a class certification against Keurig to the tune of $3+ billion. Their class certification was struck down but they are allowed to proceed separately.
This lawsuit is an extreme wild card that could net DK-Butterfly anywhere from tens of millions of dollars in damages to even hundreds of millions in damages if not billions.
https://t.co/MQhrM3wFOG
DK-Butterfly (BBBY) launches a new antitrust lawsuit against Keurig Green Mountain with a demand for jury trial.
From Oct 2012 to March 2023, BBBY purchased over $1 billion K-Cups from Keurig.
BBBY alleges that they were overcharged due to Keurig holding a monopoly in the Compatible Cup Market and Single Serve Brewer Market.
The amount in damages are TBD.
I uploaded the complaint to Court Listener:
https://t.co/We3HUVZxxl
@gorebath6666 israel will collapse before 2030. They know it and that's why jewish tourists are burning down Patagonia.
They're prepping Argentina as their new refuge.
DK-Butterfly (BBBY) is requesting from the court to push out the deposition of Ryan Cohen's Expert Witness to July 2026.
Ryan Cohen's counsel refused to agree and wants to proceed with the original scheduled deposition on May 28, 2026.
Counsel for DK-Butterfly is claiming they cannot adequately prepare for the deposition as they don't know which documents will be produced or when they will be made.
DK-Butterfly (BBBY) is requesting from the court to push out the deposition of Ryan Cohen's Expert Witness to July 2026.
Ryan Cohen's counsel refused to agree and wants to proceed with the original scheduled deposition on May 28, 2026.
@realMarkRummel Yes, I know their blockchain ledger is private but regardless of that I can believe there are no naked shorts on it.
The OG Overstock short squeeze was proof enough (before the SEC killed it by allowing brokers to give cash in lieu of tokens).
Trading for $BBBY's Overstock token is officially live.
No naked shorts here!
The coin traded as high as $18.74 and as low as $5.50 on 329 volume.
Current Bid Ask Spread is $7.00 x $7.25.
Very illiquid at the moment but I suspect BBBY's token(.)com will fix this issue.