- I didn't know eBay was for sale
- I thought GameStop was dying
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Through the miracle of modern finance, you can request a loan for a buyout where the collateral is the thing you're buying out. If eBay accepts the offer, GameStop can take out a fifty bil loan to pay eBay for eBay, with the loan secured by the value of eBay.
Private equity does this trick all the time. You do a leveraged buyout, turn the enshittification dial all the way up on your new business, suck the blood out of all your customers as profit, rip the copper out of the walls, and saddle the bought company with the remaining debt of its own purchase.
MY FUCKING BIDS NO
Does Game Stop know they can dump their old inventory onto eBay without having to buy the whole company?
So we're moving from meme-stocks to meme-mergers now. Surely a sign of a healthy market.
FWIW, Michael J Burry from that “the big short” movie bought GameStop a few times recently and supports the “Warren-Icahn multi-Berkshire” plan they have.
The majority of the proposed cost cuts would be in eBay's sales and marketing operation, where Cohen said he planned to lower spending by $1.2bn.
Cost-cutting just for the sake of cost-cutting doesn't lead to long-term profitability.
Long term is not important
Does anyone actually use eBay anymore? I just avoid it now unless I have no other choice. I don’t know of anyone who hasn’t had multiple terrible experiences and then said that eBay just didn’t give a shit.
Ebay is king if you are into collectibles. I used to buy and sell baseball cards all the time and eBay is a good aribter, although they tend to favor the buyer over the seller. I bought a used trombone on eBay a month ago and that was good, plus a cat tree last year.
For me its the best place to buy and sell used computer hardware(I don't use facebook marketplace). Sold several GPU's and VR headsets there, and bought lots of old used server and computer parts that are more expensive and often unavailable at a more traditional retailer.
They have weird things that I can't get locally or from McMaster carr and I avoid Amazon when I can.
EBay way better than amozon
I cancelled amazon after bezos bent the knee and now use Ebay to buy miscellaneous nic-naks that are hard to find in brick and mortar stores.
I buy retro tech items on ebay here in the eu. The two times I filed for refunds ebay got my money back within a week. All other sales have been very smooth. Still plenty of good sellers to shop from.
Yes I prefer it to Amazon which makes things more expensive for consumers the more you use it.
I use it if I want to buy used items, but compare it to Amazon or other stores. If the "new" price isn't that far off then I just buy new. Mostly for server/computer hardware.
I do sell on eBay a bit, is a solid experience on that front as well.
Ebay is HUGE for Pokemon/TCG as well.
I buy used stuff from it. It's a great place to find old PCs for a home lab. I even got a new part for my 3d printer that wasn't on Amazon and I'd otherwise have needed to wait weeks if I ordered it from Alibaba.
Anytime I can’t find an item somewhere else, eBay has it. I’ve used to maybe only 5 times in the last few years about always got what I paid for and haven’t had a bad experience.
I use it all the time and rarely have an issue and eBay is always prompt when I do have an issue.
I use eBay. I've been using it for years. I perhaps put more effort into it than other people, as I check out every seller before purchasing. And I never buy from outside the US.
I've only had a couple bad experiences - like the time I ordered an encyclopedia and received a single volume or the time I got a flash drive that didn't work (pretty good failure rate, considering I've been using eBay since 2013ish) - both times I got to keep the (mostly useless) item and I got a refund.
Ebay banned me instantly when i sold a gpu a few years ago but when i opened an account just to buy shit I haven't really had a problem with ih. They never even explained to me what the ban was for either, something about a TOS violation but they wouldn't say what the violation even was
Happened to me too when I tried to sell my used macbook
I plan to use it to buy a used gpu and some other things.
I don't really use it for buying since I have the impression that it's all just cheap tat, which is maybe not entirely fair, or maybe it is. And I don't use it for selling because their policy of almost always siding with the buyer by default in any dispute makes it too easy to be taken advantage of - unless they've changed that recently in the last few years while I wasn't looking. And regardless, selling anything is quite expensive.
So I don't really find it to be useful. I'll use gumtree or freecycle etc before ebay.
"The truth is, we are not necessarily putting two strong companies together," Kodali added.
That's putting it mildly.
Is ebay doing badly?
It's got negative growth potential for the most part after it got retail chunks taken out of it by those with actual warehouses and logistics chains. It's fundamentals are solid for a person to person sales platform and for used things and collectibles. But the big revenue was always as an online retailer and it sucks for that. Wall Street hates public companies with okay fundamentals that need to reposition themselves to a smaller market. And this meme suit says he's gonna turn it into an Amazon killer by merging it with his company that similarly has negative growth potential in its previous core market but has found some success in collectibles.
Is GME doing badly?
They've been profitable for a while as I understand it. Kinda surprised tbh given the arse has fallen out of their games market with online stores.
It's been a while since I've been in a GameStop, but the last few times I was, there was far more real estate given to merch than to games.
At least as a game store, yes.
GameStop makes $55.5bn takeover bid for eBay
Would have been a way better headline in this context
I found it funny how so many people thought the GameStop bubble was going to come back and go to the moon.
Bezos supposedly shorted GameStop to remove a competitor. He achieved the opposite.
This would be laughable in any remotely functional economy. I believe it actually has a chance of working in this one. They'd totally fuck eBay just like ThinkGeek, too :(