GameStop is preparing to bid for e-commerce giant eBay, the Wall Street Journal reported late Friday. GameStop stock rose after hours while eBay soared.
    • CyberSeeker@discuss.tchncs.deEnglish
      1·
      13 hours ago

      Just gotta follow the money. CEO gets paid based on the company’s valuation, so he’s making a crazy pitch to buy another company 4x of their own valuation in an effort to eventually pump and dump on the share holders (leveraged buyout).

    • EmpathicVagrant@lemmy.world
      31·
      1 day ago

      specialty buy-only pawn shop did a bunch of buybacks after the shorting trend to recover.

      Quietly built a bunch of cash and assets to put against the bid

      Buy out a lead competitor online exchange to improve visibility and short term profits

      Coming soon - digitize and buy/sell to people directly while still reaping a slice for themselves for a small amount of the cost of workers

      They’ll be back under in 6-10 years minimum with how they spend.