Anonymousabout 3 hours ago
GameStop CEO Ryan Cohen has launched an unsolicited $56 billion bid to acquire eBay, a company roughly four times GameStop's market capitalization, backed by a nonbinding $20 billion "highly confident" letter from TD Bank that carries a likely unachievable investment-grade requirement. The bid has triggered a sharp GameStop stock decline, prompted Michael Burry to sell his entire stake, and drawn skepticism from prediction markets, analysts, and institutional investors — while Cohen's admission that he "isn't passionate" about GameStop raises fiduciary questions about his stewardship of the company.