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Dude with the backwards hat must spend 20 hours a week in line at Target. Always talking about the money he makes flipping sealed Pokemon on eBay. Loser behavior. Don’t be like this. #pokemon Card Purchaser

28,559 views • 1 month ago •via X (Twitter)

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Out of Ryan Cohen’s entire interview, the line that should be burned into everyone’s brain is this: “If I were running the business, it would be making a lot more money.” That is the whole thesis. Not hype. Not memes. Not nostalgia. A founder-operator looked at eBay, saw one of the most recognized marketplaces on earth, saw billions being spent with barely any user growth, saw a company sitting on trust, traffic, collectibles, payments, authentication, and global commerce infrastructure… Basically said: This asset is wildly under-earning. That is why this matters. GameStop is not trying to buy eBay because it wants a bigger logo. Ryan Cohen is saying eBay should be worth much more, and he believes he can turn it into something worth hundreds of billions of dollars. GameStop’s proposal is reportedly $125 per share, valuing eBay around $56 billion, with Cohen prepared to push the offer directly to shareholders if needed. That is the biggest takeaway. He is not talking like a meme-stock mascot. He is talking like an owner. Cut the waste. Fix the machine. Use GameStop’s stores as physical commerce nodes. Build authentication, fulfillment, live commerce, collectibles, and marketplace trust into one ecosystem. The wild part? I believe him. Because Ryan Cohen has already shown what he does when people call a business dead. He cuts the fat. He protects the balance sheet. He ignores the noise. He lets the work speak. Wall Street keeps asking what GameStop’s plan is. Maybe the plan is simple: Find underperforming assets with massive cultural value, put them under owner-led discipline, and make them print. eBay should be making a lot more money. Ryan Cohen just said the quiet part out loud.

MD

60,905 views • 2 months ago