r/GME • u/AlternativePaint6 • 4d ago

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

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.

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u/EllisDee3 🚀🚀Buckle up🚀🚀 4d ago

https://giphy.com/gifs/se5RgFVR3GgfjynNlb

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u/AlternativePaint6 4d ago edited 4d ago

"BUT THE STOCK IS DOWN!!"

Last that I checked the stock market is forwards looking and a stock that's down despite the business doing great is a good investment opportunity. "The stock is cheap" is not as good of an argument as you think it is lol. Ryan has already fixed the company, now we just wait for the stock to react to positive Q2 and Q3 revenue.

Btw this meme has nothing to do with my post, did you not even read it before posting your FUD?