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GameStop (CEO) Ryan Cohen lashes out at eBay's insiders and lists things for auction

The CEO of video game retailer GameStop is escalating rhetoric against eBay's leadership.
Asif Khan
Asif Khan
1

GameStop CEO Ryan Cohen has been on a tour promoting the company's proposed $56 billion eBay acquisition. Like most vocal billionaires, the executive has taken to Twitter today with a criticism of eBay's lack of insider buying in the stock. Cohen has also participated in several interviews over the past few days in an effort to explain the rationale behind the eBay acquisition. 

Making matters even weirder, Cohen is listing things for auction "on eBay to pay for eBay." The CEO has listed GameStop signs for sale at $11,399 starting prices, a PSA-graded Donald Trump trading card, and a $5000 Halo 2 Master Chief Statue among other unhinged things.

Ryan Cohen's eBay listings.

Source: Ryan Cohen's eBay listings

Cohen's eBay listings is not the only contentious action from the executive. During an interview with TBPN, Cohen said that he thinks he could run eBay out of his house, the website's design hasn't been updated in decades, and that he could turn the potential combined entity into a viable Amazon competitor.

At the center of Cohen's proposed eBay acquisition is the executive's opinion that he could operate the ecommerce auction platform better than the existing management team. While eBay has not publicly rejected GameStop's offer, it seems that Cohen's tone has shifted. In an extra dose of pettiness, Cohen is including a letter to eBay's board with each listing.

Letter to eBay from Ryan Cohen

Source: eBay

Keep it locked on Shacknews for all the GameStop news as it breaks.

This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.

Full Disclosure:

At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:

Long GameStop via GME shares

Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.

CEO/EIC/EIEIO
CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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