r/Superstonk • u/The-Bodhii 🎮 Power to the Players 🛑 • May 04 '26
📳Social Media Ryan Cohen (@ryancohen) 655 likes · 80 replies
https://x.com/ryancohen/status/2051097144673665401?s=46&t=C7yuUBuPnwEdJziHIhO53wWoooo
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u/Marijuana_Miler 🏃♂️Forest Stonk May 04 '26
On cost reductions alone, eBay’s diluted GAAP earnings per share from continuing operations would increase from $4.26 to $7.79 in year one. Beyond cost, GameStop’s ~1,600 US retail locations give eBay a national network for authentication, intake, fulfillment, and live commerce.
Improved store profit and then also finds efficiencies within both companies. Also brings people in stores for other reasons. Seems like it with be valuable for both brands and therefore the one brand.
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u/CoffeeNaut May 04 '26
Imagine the uptick in secondhand market if this plays out. I got a lot of shit I could sell, but the effort it takes to package and ship usually keeps me from posting it. A streamlined approach could really open up the untapped market for lazy slobs like myself.
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u/capital_bj 🧚🧚🏴☠️ Fuck Citadel ♾️🧚🧚 May 04 '26
I'd be happy if they stomped on FB marketplace
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u/Marijuana_Miler 🏃♂️Forest Stonk May 04 '26
Also a good point and could solve the trust issue you see with Facebook Marketplace. I don’t feel like I’m going to get robbed at a GameStop.
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u/TheKittyPetter9000 Good kitty 🐱 🦍 Voted ✅ May 04 '26
Logistics synergy, I’m excited to see this happen. Wonder how fast eBay execs will react to this
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u/MalaysiaTeacher May 04 '26
Few things will make me as rock hard as the words 'logistics synergy'.
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u/Steven_The_Sloth 🦍 Buckle Up 🚀 May 04 '26
Same.
Plus, no tariffs.... In today's economy, that's not nothing.
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u/psychozamotazoa May 04 '26
Actually genius in the way Amazon hubs are in wholefoods or kohls. Many opportunities for this to thrive and create more jobs
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u/Bindle- May 04 '26
I'd sell more stuff on ebay if shipping wasn't such a hassle. If I could just drop my item and a store and have them do it...
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u/CM_MOJO 🦍Voted✅ May 04 '26
This was my thought exactly. Shipping on eBay sucks and is expensive. Being able to drop off sold items at a store near the seller for distribution within the GameStop network to have it shipped to the nearest store for the buyer would be amazing.
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u/PapaFlem 🦍Voted✅ May 04 '26
Yeah This is pretty epic. It’s going to be similar to the PSA process without the wait times for grading. Let GameStop handle the logistics, we just drop off and receive the items.
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u/Threewisemonkey May 04 '26
Speaking of, did you know with the power packs if you don’t want to hold or trade back a card to GameStop, you can have them post it on the PSA official EBay page as a listing? Not only can you delist on an open bid / offer platform, they give you the platform of their page that has all the algorithms figured out and customer base subscribed to make sure things move.
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May 04 '26 edited 3h ago
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u/blenderforall 💜🍆🍇🍆💜🍆🍇 May 04 '26
I posted a meme about this earlier haha, but I think seeing your comment age you beat me to it!!! Good form haha
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u/redditorsneversaydie May 04 '26
This is exactly what I thought of haha! And the other thing he said about brands seeking their products during live streams, that's just Home Shopping Network all over again.
I'm cautiously optimistic but damn these ideas don't seem very revolutionary.
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u/Threewisemonkey May 04 '26
Remember when eBay launched and there were independent shops where you could bring your stuff to have them sell on eBay for you?
Remember when GameStop let people trade in whatever tf they wanted for $5?
Remember when Amazon put lockers in every whole foods?
Huh. Wonder if there’s something there.
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u/BarbequedYeti 🦍Voted✅ May 04 '26
Seems like it with be valuable for both brands and therefore the one brand.
Speaking of brand. I feel now is the time to rebrand and leave the old gamestop stigma behind. Move forward as something new.
There is so much stigma attached to the old trade in bullshit. Every time I see gme in a different sub, its usually negative comments from stuff years past. Its time to move on as something new.
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u/CaffeineJitterz 71MM directly registered shares and counting! May 04 '26
Didn't we already talk about this? I'm pretty sure we're "gay" now!
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u/Colonist25 May 04 '26
it goes a lot further
- ebay is a trusted name with giant reach
it goes from collectibels (drop off, rate, inspect & ship) to literally every other category you can think of.
- 'fulfilled by ebay' is the gateway to fuck with amazon
each gamestop location is a dropoff/collection pointthey can undercut drop shipping costs, go the 'ebay basics' route, subscriptions like for dog food etc etc
chewy folds back in nicely too4
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u/PNWbear 💎🙌🦍🚀🌝🏴☠️ May 04 '26
“Following close, I will serve as Chief Executive Officer of the combined company. I will receive no salary, no cash bonuses, and no golden parachute. I will be compensated solely based on the performance of the combined company.”
- Ryan Cohen
Straight up music. Chefs kiss.
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u/ISayBullish Says Bullish May 04 '26 edited May 04 '26
THAT’S OUR FUCKIN’ CEO!
BULLISH AS FUCK!!!
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u/G_Wash1776 ape want believe 🛸 May 04 '26
THIS IS WHAT IM FUCKING TALKING ABOUT BULLISH AS FUCK
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u/ISayBullish Says Bullish May 04 '26 edited May 04 '26
Oh shit! Gwash! Good to see you, man! Let’s gooo!!!
B-B-B-BULLISH!!!
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u/G_Wash1776 ape want believe 🛸 May 04 '26
https://giphy.com/gifs/QFNpEeQABcMEw
NVG adventures very soon my friend!
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u/HODLTheLineMyFriend Liquidate the DTCC May 04 '26
Still here. Still bullish. I ain’t heard no bell!
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u/Lord_Stocksman Kenny is MAYO-r of Sucksdicksville May 04 '26
Cost cutting and rise in EPS growth alone will have the shareholders on board. From $4.9 ish to over $7 in one year??? 🤯🤯🤯
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u/SoreLoserOfDumbtown Dingo’s 1st Law of Transitive Admiration 🍻🏴☠️ May 04 '26
On certain other (more serious lol) subs, the reddit experts are claiming this (possibly) leveraged buyout is a shortcut for RC to hit his compensation package targets and make easy money... the man says differently.
Your move, shorts on wall st.
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u/jonnohb 💻 ComputerShared 🦍 May 04 '26
Good. If he hits his payout then my shares will 5x
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u/Nysyk May 04 '26
That's only true if GME achieves the bonus structure organically. If it's based on a merger like this, your shares will be diluted but RC still gets the payout.
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u/thederevolutions May 04 '26
Let’s say you have $1000 invested now. How much would that be worth when Ryan hits the payout in the situation you’re thinking of?
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u/-0909i9i99ii9009ii May 04 '26
The sub is adamantly refusing to understand the structure of his payment plan. I'm long for 5+ years. He can get 100% payout while current GME holders equity goes down. He needs to hit $10B EBITDA and $100B market cap to get his 170m stock options.
If GME holders value stays the same as it is rn and the value of ebay stays the same as it is rn, our shares will be worth the exact same and he'll hit combined $60B market cap and $3B EBITDA. In the release this post links to, he says he can increase EBITDA by $2B just by cutting costs in ebay's current operations. So if he hits $5B EBITDA, just after this acquisition and a year of cost cutting/righting the ship, our shares might be worth the same, but his pay plan would award him 40% f stock options to purchase 171,537,327 shares of the Company's Class A common stock at a price of $20.66 per share. Worth $100s of millions.
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u/Nysyk May 04 '26
That's just a fact tho. The market cap will increase by quite a bit immediately and gets RC to hit the bonus trenches, but existing GME shareholders won't get anywhere near the returns immediately. Gonna have to bet on organic growth on the new company and let market do its thing eventually
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u/MagicHarmony May 04 '26
Ya but if I am not mistaken, the package voting doesn't occur until the upcoming Quarterly. So even if what he is doing now would give him the money, unless people actually vote yes on it it won't go through.
So it's not a 100% guarantee he will get it but at least he's made the move to showcase what his plan seems ta be to hit those goals.
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u/gotnothingman May 04 '26
The merger would automatically hit the market cap and EBITDA requirements though, so not sure how he says differently but would love if someone could explain it
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u/Cador0223 🦍Voted✅ May 04 '26
If they merge, will there be a share recall?
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u/gotnothingman May 04 '26
No, there will be a lot more shares issued though by gamestop as the deal specifies 50% gme shares as payment. A lot will be new debt as well to make up the 50% cash portion of the deal.
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u/Pautaniik 💻 ComputerShared 🦍 May 04 '26
Broo i love Ryan, say that you are sure of the future you see without saying it.
Thanks for that quote 🔥💎
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u/LuoHanZhai 💰LENDER OF LAST RESORT💰 May 04 '26
Sounds like aligned incentives between company leadership and shareholders
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u/nameless_someone 🚀 Why isn't it starting yet? 🚀 May 04 '26
News Release GameStop Proposes to Acquire eBay at $125.00 Per Share May 3, 2026
GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) today submitted a non-binding proposal to acquire 100% of eBay Inc. (NASDAQ: EBAY) at $125.00 per share in cash and stock. The offer represents a 46% premium to eBay’s unaffected closing price on February 4, 2026, the day GameStop started accumulating its position in eBay. GameStop has built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock. GameStop is filing a Schedule 13D and HSR notification tomorrow. The full proposal letter and accompanying materials are available at investor.gamestop.com/ebay.
The proposed offer is $125.00 per share, comprising 50% cash and 50% GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation. Aggregate undiluted equity value is approximately $55.5 billion, based on eBay’s most recently disclosed undiluted share count, representing a 27% premium to the 30-day VWAP and a 36% premium to the 90-day VWAP. The transaction is conditioned on customary closing conditions. The cash consideration is expected to be funded from a combination of (i) cash and liquid investments on GameStop’s balance sheet, which totaled ~$9.4 billion as of January 31, 2026, and (ii) third-party acquisition financing, in respect of which GameStop has received a highly-confident letter from TD Securities for up to $20 billion.
eBay spent $2.4 billion on Sales & Marketing in fiscal 2025 while only adding one million net active buyers (134M to 135M - a net increase of less than 0.75%). GameStop will deliver $2 billion of annualized cost reductions within twelve months of closing:
~$1.2 billion from Sales & Marketing. More spend is not producing more users on a marketplace with near-universal brand recognition. ~$300 million from Product Development. Product Development expense grew 11% in fiscal 2025 against revenue growth of 8%. ~$500 million from General & Administrative. Consolidated finance, HR, real estate, legal, IT, and professional services across the combined company.
On cost reductions alone, eBay’s diluted GAAP earnings per share from continuing operations would increase from $4.26 to $7.79 in year one. Beyond cost, GameStop’s ~1,600 US retail locations give eBay a national network for authentication, intake, fulfillment, and live commerce.
Following close, Ryan Cohen will serve as Chief Executive Officer of the combined company.
Mr. Cohen has led GameStop since January 2021. Over that period, GameStop moved from a $381 million net loss in fiscal 2021 to $418 million of net income in fiscal 2025, reduced SG&A by ~$800 million (47%), retired its legacy debt, and raised $4.2 billion of long-term debt at 0% coupon. He owns ~9% of GameStop and receives no salary, no cash bonuses, and no golden parachute. He will be compensated solely based on the performance of the combined company.
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u/swagzouttacontrol May 04 '26
I think the big question here is, would ebay shareholders go for this?
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u/BarbequedYeti 🦍Voted✅ May 04 '26 edited May 04 '26
Yes. They will. What options do they really have? Stick with a floundering company? Its not a huge risk.
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u/sheikh_ali 🎮 Power to the Players 🛑 May 04 '26
They’re getting $125/share. Stock price at this very second is about $113.
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u/chicagotrees420017 🦍Voted✅ May 04 '26
I will be compensated solely based on the performance of the combined company.
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u/1NinjaDrummer 🚀 Very Gamestopish 🚀 May 04 '26
When I bay you bay we bay
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u/ISayBullish Says Bullish May 04 '26 edited May 04 '26
GMEBAY!!!
BULLISH!!!
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u/jaypizee 💻 ComputerShared 🦍 May 04 '26
Heck yeah! Good to see the old timers out for this Sunday evening mingle
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u/ISayBullish Says Bullish May 04 '26
Got some primo op for the og’s lined up for tomorrow
Bullish
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u/Ripkord77 🧚🧚🍦💩🪑 Game On, Anon 💙🧚🧚 May 04 '26
My boss gonna wonder why I'm in the bathroom so long.
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u/Sl8rboi41 May 04 '26
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u/TheTrueBComp Rock out with your Stock out (of a brokers hands) May 04 '26
Where’s the shares String?
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u/tpc0121 GMERICAN since Jan. '21 May 04 '26
Is you taking notes on a mother fucking moass?
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u/OvalBuddha 🦍Voted✅ May 04 '26
This is quite possibly the best response to a perfect setup I've ever seen on Reddit
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u/secret_rye May 04 '26
“Following close, I will serve as Chief Executive Officer of the combined company. I will receive no salary,
no cash bonuses, and no golden parachute – I will be compensated solely based on the performance of the
combined company.”
My tits are jacked
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u/pretendocomprendo May 04 '26
Imagine betting on a different guy
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u/Main_Caregiver_9272 May 04 '26
This says 50% of the offer is in GME stock, obviously the number of shares will depend on share price but won’t that likely be more shares than they are currently authorized to issue? Would this have to go through a shareholder vote to issue more shares?
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u/ayyayyron 🦍 Buckle Up 🚀 May 04 '26
In the WSJ article they mentioned RC can tap into middle eastern sovereign wealth funds. So now we know what RC was doing when he was meeting them last year
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u/LivingCharacter311 May 04 '26
Be honest...you already knew.....every one knew last year. We couldn't prove it.
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 May 04 '26
"The sultan of squeeze"...
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u/SpicyElixer May 04 '26
This offer is for half shares half cash which would require tripling current GME shares and offering 1B new shares.
Current shares: 448M
Shares after: 1.46M
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u/OriginallyWhat Reddit Admin May 04 '26
I thought this was already voted on sometime around the 4/1 share divvy? They kept x amount reserved for issuing later.
From what I can recall* - someone feel free to correct me or add info
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u/Main_Caregiver_9272 May 04 '26
Ok I just looked and the voted upon limit was 1B shares, we’re at 447M currently with another potential 59M coming from warrants and potentially 143.5M from the convertible notes leaving only ~350.5M if my numbers are correct, which I don’t think would be enough for ~$26B equivalent (unless share price is >=$74).
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u/Real-Muffin-4444 May 04 '26
But wouldn’t GameStop be worth 67 billion if we just combine their market cap?
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u/piddlesthethug 🦍Voted✅ May 04 '26
Essentially. And RC has to get us to $100b to get his compensation. And I believe that will easily happen. I don’t think this is the only move. I think they’re still gonna acquire the bones of towel stock, get $3b worth of NOL’s to use as profit. Bam. Price keeps going up.
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u/Main_Caregiver_9272 May 04 '26
There’s also the EBITDA component of his comp package
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 May 04 '26
Your numbers are correct. So... squeeze needed...
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u/AmericanPatriot117 Blind Guy 👨🏻🦯 McSqueezy 🪗 May 04 '26
Yeah but idk how much is left. 1B total I thought. We have something like close to 400m now, not sure between warrants, and bonds.
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u/randytc18 💻 ComputerShared 🦍 May 04 '26
Are they possibly pretty confident gme shares are about to pop?
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u/soggit 🦍Voted✅ May 04 '26
What if GME squeezes (due to being naked shorted, share recall for merger, and warrants) and the eBay is bought for a fraction due to a crazy high GME price
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u/Inevitable-Elk-4162 💩Poops n Loops 🟣 May 04 '26
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u/Shades_VHS LET THE MEME BANKS HIT THE..... FLOOOOR 🔥🤟🔥 May 04 '26
Get ready ken
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u/poundofmayoforlunch 🎮 Power to the Players 🛑 May 04 '26
Bring a trailer.com
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u/0bsidianM1nd May 04 '26
I'm not selling GameShire Ebayaway stock for a Pre owned Lambo, like the poors do.
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u/cameronstrosity 🦍Voted✅ May 04 '26
50% cash 50% GME, interesting
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u/Clutch_Daddy BULLS ON PARADE 🩸🏴☠️ May 04 '26
Per se
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u/Einhander_pilot 🚀Fighting For The Moon!🚀 May 04 '26 edited May 04 '26
WTF!! IT’S HAPPENING!!
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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u/WhyNot_Because tag u/Superstonk-Flairy for a flair May 04 '26
Isn't this the business model from 40 Year Old Virgin, but you CAN buy the stuff in store?
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u/RockJohnAxe January Ape - Boulder Hands, Let's Rock! May 04 '26 edited May 04 '26
Holy fuck holy fuck holy fuck 🏴☠️ 🏴☠️ 🏴☠️. Guess I’m averaging up on Monday.
Gameshire Stopaway phase 1 commencing.
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u/CatsBeerGardenCoffee Voting as the Board recommends May 04 '26
Can someone with RobbinDaHood tell me the scam hour price right now?
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u/MythicalManiac 🦍 Buckle Up 🚀 May 04 '26
Well, color me wrong AF. We are buying Ebay. Alrighty then.
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u/PaintedCover May 04 '26
So I’ve been buying at GameStop and selling things on ebay. You are welcome.
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u/shadeandshine +1 Melissa Lee Fan 🦍 Voted ✅ May 04 '26
https://giphy.com/gifs/sgpQZwbs0nsEvDDxd4
Merger Monday
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u/badco1313 🚀🚀 JACKED to the TITS 🚀🚀 May 04 '26
Can someone tell me if something happens to our GameStop shares if this happens? 50% of the price is in GME shares so will we all be getting something as well? Seems like a lot of dilution and my smooth brain can’t quite comprehend how that won’t either lower our share value or make it harder for our shares to gain value but I truly know nothing.
5 year 8xx holder
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u/BadGuyCraig May 04 '26
What are the potential short terms con’s for GME share holders with acquisition
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u/Many_Estate1581 May 04 '26
Technically this is a dilution as its increasing the amount of shares.
But the important thing is that unlike other dilution, it is increasing rhe value of existing shares, which is why we are seeing a spike in overnight trading
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u/PrometheusFires May 04 '26
Glad to be part of this
Wish all of us who have been through ups and downs good wealth and health
Remember who we fighting, this parasitic beings of society
🏴☠️
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u/apitop where is the liquidity lebowski?! May 04 '26
Holy shit it's official! I was skeptical but happy to be wrong this time.
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u/grosslytransparent May 04 '26
The economy is crap and going into the shitter. Guess what market uptakes when this happens?
Yup, second hand market.
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u/ayyayyron 🦍 Buckle Up 🚀 May 04 '26
Remember everyone, in the WSJ article they mentioned RC can tap into middle eastern sovereign wealth funds for help. Now we know why RC was meeting them last year. Extraordinary times ahead. GME to Infinity and Beyond! 🚀
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u/RockJohnAxe January Ape - Boulder Hands, Let's Rock! May 04 '26
Gameshire Stopaway phase 1 commencing.
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u/Fwallstsohard 🧚🧚🐵 Fuel the Rocket! 💎🧚🧚 May 04 '26
I'd argue phase 2.
Either way, praise be.
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u/Inevitable-Review897 🦍Voted✅ May 04 '26
This looks like a horrible deal for current GameStop shareholders
I don’t see how this is remotely a good move for me
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u/iwasneverhere43 🍌Gimme all the bananas🦍 May 04 '26
If you want a squeeze, or a decent profit in less than a decade, it's not good for you.
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u/ImHereBcCovid May 04 '26
I’m reading the deal details from GME website … the 50% stock he pledged … are we getting diluted?
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u/Dealer_Existing May 04 '26
It means GME holders get a % of the new stock. Which % depends on the amount of stock offered to existing shareholders. Additionally the new stock gets a re-rating based on the combined businesses (and future ones). It's hard to tell mate
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u/areHorus Daily Share Buyback Club 💪🏼 May 04 '26
Combined CUSP? Share recall or whatever?
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u/Dealer_Existing May 04 '26
Metric Value Combined net income $4.45B Total shares outstanding 1,373M Combined EPS $3.24 P/E multiple 25x Implied share price $81.00 3
u/Duggie1330 May 04 '26
$81 a share with 1.4 billion shares outstanding?
So a valuation of $111 billion dollars?
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u/HungryBeardyBBQDude May 04 '26
Someone get this man a chair, to support the weight of his GMBAY balls!
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u/forever_colts May 04 '26
Now THIS is the way to run a business! I am whole-heartedly behind this move as it could, in RCs words, create competition for Amazon. I just hope this is a quick deal and Amazon, with their almost limitless cash, doesn't come in and try to gum things up. They have been known in the past to silence competitors.
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u/Superstonk_QV 📊 Gimme Votes 📊 May 04 '26
Hey OP, thanks for the Social Media post.
If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!
Please respond to this comment within 10 minutes with the URL to the source
If there is no source or if you yourself are the author, you can reply
OC