GameStop’s eBay Bid? “This Makes Zero Sense”
(00:00.78)
Make it make sense, because it doesn’t make sense. So we got in what I feel is probably stock manipulation, scam scheme. We see these things happen all the time. Yeah. GameStop saying that they are going to buy eBay and when they buy eBay, they’re going to be a direct competitor with Amazon.
Yeah, dare to dream, dare to dream. And next up, next up, I am going to be taking over the right field position for the New York Yankees. Yeah, I’m going to be starting over Aaron Judge. So again, in a surreal interview that I was actually listening, I didn’t watch it. I was listening to it today at the gym. You have the CEO of GameStop.
saying that hadn’t heard anything yet from eBay. He refused was asked multiple times to make sense out of their math, which didn’t make any sense. Defied any sort of I guess, you know, algebra basic, you know, just just plus add them up, saying that the deal is going to be half in cash, half in cash, which they don’t have.
they don’t have and they’re saying that TD is going to give it to them and the rest is going to be in stock. huh. huh. Fifty six billion dollar takeover bid for eBay. Saying it’s going to leverage leverage GameStop’s retail footprint and logistics infrastructure.
to create a larger e-commerce platform. You mean those little stores there that you have in the mall that sells video games? eBay’s market cap is four times that of GameStop.
(02:21.165)
I’m still trying to figure out how these things come together. So what I’m looking at right here, like we’ve seen from GameStop over the years, is probably another stock manipulation scheme in one way, shape, form. They do own 5 % of eBay’s market cap. eBay is an interesting company, quite frankly, in the sense that, I mean, we call this back
when this thing was being formed, I said what this was going to do to newspapers. And it did. I mean, basically, wasn’t wasn’t so much online news that destroyed newspapers was the fact that newspapers lost all of their, you know, their want ads and stuff due to eBay and the people moving to sell stuff online rather than to take out an ad in a local paper, which was how it was done back in the day there youngsters anyway, neither here nor there.
yeah, I’m not buying this whole bowl of bull excrement. You know, the funny thing is, is that you see these things and they’re they’re nasty to me. Often you get a lot of these so called, you know, young Gen Z, Gen Z traders out there wizards are smart, they’ve got their little podcasts and whatnot. Hey, listen, they get you know,
You know, it’s the old stupid as a stupid does. They got a lot of kids out there that follow them and listen to their advice when it comes to trade. you know, again, it’s GameStop guys. Cohen character is a bit of a hero to them. And they think that this is, you know, they’re taking on the man. It’s going to be some big deal. No, it’s not. No, it’s not. Just like the GameStop phenomenon, meme stock nonsense that took place a few short years ago.
The overwhelming majority, all you diamond hands people out there, got wrecked. Watchdog on wallstreet.com.
