GameStop CEO Gets Banned From eBay While Trying to Buy eBay
2026-05-09 11:46 UTC
Replies (12)
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@phutatorius@lemmy.zip 2026-05-11 18:08
If eBay disappears, where will I sell Beanie Babies?
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@limbones@lemmy.wtf 2026-05-09 13:32
I worked for ebay and once had my selling account banned for mistery reasons. I have left since. The brand name is worth a lot, the company itself is the biggest shitshow I've ever see.
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@GreenKnight23@lemmy.world 2026-05-09 16:36
hear me out. CEO wanted publicity not cash. he got what he wanted from TD. eBay did him a favor by banning his account because now he gets to keep all his stuff. and now we're talking about it. get ready for the enshitification of eBay.
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@homesweethomeMrL@lemmy.world 2026-05-09 18:00
I thought Martin Shkreli was in prison
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@bitjunkie@lemmy.world 2026-05-09 12:59
Any day now...
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@Elting@piefed.social 2026-05-09 15:11
That is still only $29 billion and somehow I don't think the CEO is gonna raise another $27 billion from selling socks and knickknacks. Kinda just sounds like inserting a middleman to angle at more profit. I would rather not pay a surcharge for eBay auctions, even if it adds some kind of quality assurance. His explanation of the acquisition just seems like more bullshit. Edit: I wonder how many bag holders from the memestock era are viewing this as their salvation.
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@teyrnon@sh.itjust.works 2026-05-09 16:02
The merger could actually improve ebay, they've a lot of untapped potential, they should be getting into competing with Amazon or something.
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@Elting@piefed.social 2026-05-09 17:06
Being that he is a billionaire, his connection to reality probably rivals your own.
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@Susaga@sh.itjust.works 2026-05-10 08:23
Imagine if I offered Dua Lipa 500 quid to have sex. She doesn't need the money, she's doing fine in the bedroom, and I don't have that much money to spend. We can't try to sweeten the deal by saying I'm a good lay. Even if we're not being self-deprecating, we both know I'd be getting the better end of the deal here. She would be insulted I even asked. That's what's going on. eBay is doing perfectly fine without a physical storefront, and GameStop isn't a catch. GameStop made an unsolicited offer, and doesn't have enough to actually pay it. This is an insult of an offer.
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@Elting@piefed.social 2026-05-09 17:18
When you invest in a company you also then have a vested interest in them doing well. That can cloud your judgement and cause you to look at the things you want to see.
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@Elting@piefed.social 2026-05-09 17:44
Ryan Cohen is very strange and uncomfortable. Public perception of game stop is already poor and he is not helping that. A few quarters of profitability is hardly enough to go on if you are trying to measure long term stability. Gamestop revenue has never recovered to pre-pandemic levels. Personally, if I am investing in a company, I am doing it because I believe in their mission for some reason. Maybe they are vital to the community. Maybe they are doing things in a way that is more ethical than their competition. Gamestop sells cheap plastic shit, I cannot make myself believe in that. Frankly the whole idea of investing in a company to make personal profit out of it is cynical and rooted in exploitive capitalistic thinking.
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@videogamesandbeer@lemmy.world 2026-05-09 12:36
> eBay suspended GameStop CEO Ryan Cohen’s account after he launched a publicity stunt to “fund” his $56 billion unsolicited bid for the company. Cohen listed personal items—including a life-sized Halo 2 statue drawing $10,000+ bids, vintage Willie Mays baseball cards, and literal socks—claiming the sales would help finance the acquisition. > > The platform apparently didn’t appreciate the irony of someone using their service to raise money to buy them out. GameStop secured a “highly confident” letter from TD Securities for $20 billion in debt financing, but that leaves a casual $36 billion gap for a company worth roughly $12 billion trying to acquire a $48 billion marketplace.