BREAKING: EBAY insider Boone Cornelius reported an open-market SALE of 31,100 shares of eBay common stock for $3,411,359.
The "Chief People Officer" (🤣🤣) and "Diversity, Equity and Inclusion (DEI) initiatives Officer" now has net $10.7M of common stock sales and a whopping $0 worth of purchases.
PATHETIC. $GME
Shorting is a world filled with slippery slopes and sand castles. The sand castles are real, and vulnerable, but the slippery slopes drive men insane and ultimately prevent most from being properly positioned when the castle is washed away.
Everyone’s asking the same question after Cohen’s $EBAY bid.
The math doesn’t add up publicly.
So where’s the rest of the money?
🧵 Here it is, explained:
$GME isn’t buying eBay.
@ryancohen is doing what he always does.
The media is framing GameStop’s eBay bid as an acquisition.
It’s not.
Ryan Cohen is running a textbook activist investor playbook and the same one he used on GameStop itself.
Let me break it down. 🧵
@rnewton7777 I think rc already has enough to take over. I don’t think he would let something “leak” if he wasn’t ready. Like Bruce Wayne buying back his company. This I believe is already a done deal. Bravo.
This is where we usually hear the self-appointed economic purists say entities like Jane are good for markets. They go on about price discovery, liquidity and an assortment of talking points. I'm trying to get my arms around this story but my early assessment is shut it down.