If you haven't heard, GameStop's CEO Ryan Cohen offered to buy Ebay for $55 billion.
Bizpacreview reports that Cohen believes Ebay and Gamestop have a great synchronicity when it comes to the collectibles market.
He also doesn't agree with the way Ebay is being run. He posted a rant about the current board members along with modern capitalism 👇
'American capitalism is rotting from the head down. We have replaced the "Owner-Operator" — the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider. By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation,' Cohen wrote. 'This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants. These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else's ammunition.'
Cohen has maintained he's going to pay for Ebay with a half cash, half stocks offer.
But now that the insanity of the whole WallStreetBets fiasco is over and the company's stock isn't trading as high, there's been some question as to how Gamestop can afford such an elaborate offer.
However, Cohen had a hilarious solution for being a little short of the needed funds.
Apparently, Ebay wasn't too happy with his troll.
Shortly after that announcement, Cohen posted this:
Though it does appear that his account has been reinstated. So much for "permanently banned."
Still, Cohen should be careful crossing Ebay. They're not known for playing nice.
And if it doesn't work out for CEO Ryan Cohen, he could always try his hand at running an airline.
Watch our latest video 👇
