GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
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FULL INTERVIEW: @ryancohen explains his plan to acquire eBay.
He unpacks his pitch to institutional investors, why eBay is so horribly run, and how Ryan plans to create billion in shareholder value.
$GME $EBAY
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