"There's 11,500 employees. It doesn't make sense. I could run that business from my house. It's eBay, it looks the same as it did in 1995. It doesn't need 11,500 employees."
$GME's @ryancohen makes his case for why he's the best person to buy eBay:
"You look at eBay spending $2.5 billion to grow 1 million users. $2 billion in cost cuts between sales and marketing and corporate overhead — it's not a lot. And it's not something that's going to take a few years. It's something that is going to happen fast, fast, fast. Because I'm putting leverage on this thing, and I don't want to run a leveraged business."
"I'm not going to run it hot. I'm going to pay down the leverage. And I'm going to increase earnings."
"They're spending $5.5 billion on operating expenses. On an $11 billion business that has no inventory and is asset light."
Ryan's full response:
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
I'm Boris and I created Claude Code. I wanted to quickly share a few tips for using Claude Code, sourced directly from the Claude Code team. The way the team uses Claude is different than how I use it. Remember: there is no one right way to use Claude Code -- everyones' setup is different. You should experiment to see what works for you!
@joinmoco Anyone still having loading screen issues? It was frozen yesterday, then started working for me last night, and then all of today it's been stuck on the loading screen at the 50% mark.
From Shutdown to Showtime: How THORFi’s Sunset Gave Birth to TCY, the DeFi Token You need To Know About
What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying?
If you're THORChain - you build.
What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried.
“Is THORChain insolvent?”
“Is this the end?”
“Did I just get rugged?”
But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur.
And from that turbulence, something pretty incredible emerged.
When someone is having a stroke, they lose 2 million brain cells a minute.
This means that if a stroke lasts for more than 3 minutes, you could become a crypto investor.
It really seemed like he was going to ask if he should exercise his 120,000 call options live on camera, but since the price was cratering, I think he decided to hold off and he actually ended the stream what seemed pretty abruptly.
Can't stop, won't stop, @GameStop!
Recap of the live stream thread🧵:
@RoaringKitty was very careful with his words. He kinda just rambled and joked around about non $GME things for most of 50 min live stream.
IMO, The halting really messed up his plans because towards the end of the stream he was joking around about asking his magic 8-ball "a question". He paused a lot and waited, debating if he should ask it some mysterious question.
@JLGjTpM I still think this is RoaringKitty, regardless of what the account owner claims. Memes are styled diff but that's on purpose. Needs a legal way to deny. Super surprised more ppl aren't following this account.