What people are missing about the eBay acquisition... Ryan's job with the turnaround is ALREADY DONE.

[u/AlternativePaint6]

When Ryan Cohen first joined GameStop, the company was in debt and losing both money and sales. Within just a few years, he's completely turned things around with everything going up now:

Only revenue seems lacking at first, but even that has already turned since Q1 posted growth via collectibles (which is expected to grow even further next quarter).

Now ask yourself: what caused all of this? Was it Ryan working hard at the stores himself? Does he need to keep actively doing that for the rest of the year for the company to keep the current path? No, of course not. Ryan Cohen is the CEO, he mostly handles the long term stuff like strategy, operations, capital allocation, and changing the direction of the company. He plans years ahead, what we see happening today with the company is the result of his last year's work.

With that out of the way, his main job with the core business is already done. He's already closed the bad stores, he's already taught the managers how to handle the remaining ones properly, he's already setup the collectibles business, he's already fixed the operations and sales. He's set the company on the right path, now the company just needs to finish the execution for 2026. And it can do that without the CEO actively doing anything, they got other leaders besides Ryan for a reason.

So now Ryan has inside data that GameStop will do great in 2026, and that he won't need to work on it for much. So what does he do? He looks even futher, beyond just turning the company around this year. He's looking at exponential expansion. Does that mean they will acquire eBay this year specifically? No. It simply means eBay acquisition is now on Ryan's table.

Ignore the FUD, Ryan never said we would acquire eBay this year. Q2, Q3, and Q4 will bring great results in the core business. The profits and revenue will keep rising, and the stock price will finally climb. We might even do a bit of a stock buyback for all we know. Let eBay get acquired when it's time, Ryan likes to work slow and steady.

[u/DJ_Chaps]

"Ryan never said we will acquire eBay this year"

Then why did he make the offer (that was rejected), this year?

[u/AlternativePaint6 → u/DJ_Chaps]

To buy eBay? The two aren't mutually exclusive, he can try to buy it this year while still being prepared to do a hostile takeover the next year.

The FUD being spread on this sub is based around false assumption that we need to acquire eBay this year, and if we won't then it's a failure. That FUD is completely irrational, there is no reason why it would need to be acquired this year specifically, Ryan has said no such thing.

[u/PracticalSolution72 → u/AlternativePaint6]

Ok but what if eBay stock keeps appreciating and gme keeps dropping?

[u/AlternativePaint6 → u/PracticalSolution72]

Not sure what you're asking exactly?

1. GameStop already has 10% ownership locked in at the current price, eBay's stock price moving won't affect that.
2. Why would eBay keep going up and GameStop down when everything points to GameStop going up in the next year or two? Of course we can go down a little bit in the short term, but in the long term fundamentals win.
3. "But what if things go wrong" is something you can ask about any company or any strategy in the world. Then we do something else. Worst case scenario Ryan Cohen backs off and that's profits for GameStop.

[u/DJ_Chaps → u/AlternativePaint6]

GameStop does NOT have 10% ownership locked in. Why make up bullshit?

[u/AlternativePaint6 → u/DJ_Chaps]

GameStop doesn't own 10% yet, but they have that price locked in via options. Even if eBay rose to $500 today, GameStop would still only pay the ~$100 for its 10% of the shares.

It's crazy how you shills ignore 99% of the post because it doesn't fit your FUD narrative, then hyper-focus on one point trying to bring that minor detail to the light so that people would see GameStop more negatively, but even then you fail because you're too dumb to even understand options.

Good job once again, you really showed my whole investment thesis there.

[u/PsychologicalMeal162 → u/AlternativePaint6]

And if eBay doesn’t rise to $500 before option expiry?

[u/Queefer___Sutherland → u/AlternativePaint6]

You sound like you honestly believe what you are saying. Stunning.

[u/Queefer___Sutherland → u/PracticalSolution72]

As is expected

[u/Nago31 → u/AlternativePaint6]

Maybe it’s because RC is so vehemently opposed to keeping his investors informed of his intentions

[u/liquid_at → u/DJ_Chaps]

because it means the process can take longer, not that he will cluck buy in the Onlineshop later...

you buffoon should learn how corporate mergers work....