Perhaps that is part of the scam here. Meme stock buyers will think this means something and will spend more on worthless shares so that ebay executives can sell.
replyThey already increased total number of stock by +39% in last 12 months, GME will squeeze the last penny from those people.
reply… and the stock has not dropped 39%, in fact it’s trading about where it was a year ago. Shareholders have been content to let Cohen add to the balance sheet, adjust operations and make a large move. This is one such move. And GME is up 5+% in pre trading, so shareholders are generally positive about this idea.
replyIf Cohen's "large move" was to buy EBay, investors could have done that themselves. They would have gotten a better deal on shares in the new company. Also, they'd be up 50% over 12 months. Partly because Cohen "adding to the balance sheet" has meant dilutions, and there will be more for this deal.
replyYeah this is the funny part to me - if you thought EBay was an amazing business then you could have just bought that stock months or years ago. Maybe the combined company will really be worth more than both companies individually, but for the most part this is just GameStop deciding how you should have invested your money months ago.
replythe shareholders of GME operate under the delusion that there's gonna be another magic short squeeze.
replyWaiting for the MOASS… it’s coming any day now!
replyI operate under the delusion that it was a $400 gamble and there is no point selling stock that I forgot I even owned at all, when it's such a small amount.
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replyThey can sell now and pocket some extra money. What's not to like?
replyIf bagholders were capable of buying low and selling high, they wouldn't be bagholders.
replyyou think all the bagholders are in at the current price?
replyIf they didn't like the current prospects they can bail at a profit.
replyIf they do like them they have no excuse if things go south.