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
UPDATE: DAWN RISES ON SPONSORED SURVIVAL
It's been a wild week as we've been kicking off our first post launch season with season 2! First of all want to thank everyone who has come out at night to traverse the haunting landscape of Night Marsh both in our core extraction experience and in our first PVP-Lite Mode Sponsored Survival. The anomalous entities are happy for your continued visits, as it gets lonely out there when there's no runners to spook.
As we shift into week 2, we're going to let the sun rise over Tau Ceti and move sponsored survival to Perimeter, so you can all warm up from the dark night and enjoy pushing contracts for your demanding corporate clients in the daylight. Details below:
- As of 6/10 10 am PT, we will be disabling Sponsored Survival for Night Marsh and enabling Sponsored Survival for Perimeter.
- Sponsored Survival Perimeter will be available approximately 2 weeks (until 6/24/26).
- Rooks will be available to use in any of the supported queues after this change goes live.
Thanks again to everyone out there and we'll keep you updated if anything else changes. Now back to figuring out some of these other new bugs and weird things happening (so much to do...)
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.
https://t.co/BAu3T6V9w4
Marathon Season 2 starts June 2
⚬ Pitch-black runs in Night Marsh
⚬ New defensive Runner Shell: Sentinel
⚬ A fresh start with a full gear reset
Play the full game on PS5 during Open Play Week June 2–9: https://t.co/Oe9J4ML1BI
🎵 NEW TRACK RELEASE 🎵
“HALF COIN. HALF STOCK. (The Onboarding)” is officially here.
🎤Artist: "GME SOL MUSIC"
Inspired by Ryan Cohen's "half cash. half stock." This song was created to explain what the $GME @solana movement is really about.
We are not trying to replace GameStop stock.
We are a community that believes in amplifying the movement, supporting the culture, and building the strongest OG GME communities in crypto.
Since January 2024, we’ve stayed standing while countless meme coins disappeared.
This track is for:
💎 Diamond Hands
🦧 The Apes
💪 Conviction through FUD
🚀 The believers who know the story isn’t over
Listen to the full track on Spotify, Apple Music, YT Music. Links in the comments section.
HALF COIN. HALF STOCK.
Allow me to translate this letter from eBay for those who don’t speak legalese:
Ryan,
We got your unsolicited offer to buy eBay for $125/share (half cash, half stock) supported by your 5% economic interest in eBay.
Our board, backed by the usual crew of bankers and lawyers who get paid either way, “thoroughly reviewed” it.
We’re rejecting it. Not because the math doesn’t work. Not because the highly confident letter from TD Securities for up to $20B on top of your $9B+ cash pile is fake. None of that.
We’re rejecting it because your entire approach to running a company is an existential threat to how we like to operate here.
Here are the reasons we feel this way, and the things we considered before paying consultants to write this:
1) We’d rather keep milking eBay as a “standalone” cash cow than let you turn it into something bigger and better.
2) Sure, you’ve got real financing lined up and you “know people” with deep pockets, but we’re going to call it “uncertain” anyway so we don’t have to engage.
3) Your plan would actually force real long-term growth and profitability changes we’d rather not be held accountable for.
4) The debt we pretended you can’t even obtain, the operational integration and focus on seller satisfaction, and most importantly, putting someone like you in charge of the combined entity all sound like a nightmare for our current leadership structure because all of us would have zero job security.
5) The valuation math only looks bad if you ignore the 46% premium you’re offering our shareholders and the upside from fixing eBay the way you fixed GameStop, which we are choosing to do and hoping nobody notices.
6) And I hope we buried the lede far enough here: Your governance and executive incentives are completely incompatible with ours. You and your board take zero cash, no salary, no bonuses, no golden parachutes. You buy shares with your own money and only get paid if shareholders win. We, on the other hand, like our nice, reliable annual payouts regardless of whether the stock is flat or the company is just coasting. We’re not about to hand over our golden goose to a guy who eats only what he kills.
Look, eBay is “strong” and “resilient” in the way every entrenched public company says it is while handing out eight-figure checks and perks to the C-suite. We’ve done the usual incremental stuff: tweaked the marketplace a bit, returned some capital, and we’d like to keep doing that without any cowboy from GameStop coming in and demanding actual skin-in-the-game accountability. Can you just leave us alone?
Our team remains focused on protecting the current regime and delivering “value”… mostly to ourselves and our consultants.
Thanks, but no thanks,
Paul S. Pressler Chairman of the Board, eBay (And proud beneficiary of the status quo)