GameStop's eBay acquisition, paid half in cash and half in stock, means dilution to oblivion for shareholders. Per @ReesePolitics, Ryan Cohen's CNBC Squawk Box interview on the deal turned into a heated exchange in which Andrew Ross Sorkin was in disbelief at his repetitive answers, and his line that the details are on the website draws ridicule. x.com 

GameStop is a short because its CEO plans to raise tens of billions of dollars to complete the $56B eBay offer, massively diluting shareholders. The narrative has flipped from the little guy squeezing hedge funds to insiders using retail as exit liquidity to hit comp packages. $5 is a fitting target, though the market cap may well hold up. x.com  x.com  x.com  x.com  x.com 

GameStop's $56 billion, $125-a-share bid for eBay could unlock over $100 billion of value by turning eBay from a stagnant auction site into a true Amazon rival under Ryan Cohen. Synergies span collectibles, trading cards, live commerce and store pickups, plus cost cuts and AI upgrades. Cohen's track record stands out, and the absence of any Wall Street buy rating on GameStop is a strong contrarian buy signal. x.com 

GameStop shareholders face about 70% dilution to fund CEO Ryan Cohen's $56 billion offer to buy eBay, with no short squeeze coming. A year ago Cohen was hyping Bitcoin purchases, which raises doubts about whether he knows what he is doing. After that interview, a GameStop shareholder should sell every last share. x.com  x.com  x.com  x.com 

GameStop lacks the money for its eBay bid, and Ryan Cohen's interview suggests he is using retail investors as exit liquidity. The proposal offers $125 per eBay share, half cash and half GameStop stock, valuing eBay equity at $55.5 billion, with a TD Securities letter for up to $20 billion of financing. The interview sent GameStop shares lower. x.com 

GameStop's Ryan Cohen is making one of the most aggressive streaks of insider purchases relative to market cap over such a short period. He bought another 700,000 shares at an average $24.41, about $17.1M, per an SEC Form 4 reported by @ReesePolitics, a show of conviction that ignores rising yields. x.com 

GameStop is not worth buying: it has no product, its management and reputation are poor, and it is constantly diluting shareholders. x.com  x.com 

GameStop's proposed eBay deal does not hold up financially. Servicing the debt would cost over $1.5 billion a year, while the two businesses combined produce less than $2 billion in free cash flow, inflated by Pokemon mania. No real bank would underwrite it unless as a bridge to further massive dilution. Ryan Cohen's compensation plan is centered on market cap thresholds. x.com 

GameStop's case rests on CEO Ryan Cohen's continued insider buying, nearly $70 million this year, supporting a $30 target. The stock is up almost 20% year to date, on par with the Nasdaq 100. x.com 

GameStop will go lower after hitting new 52-week lows, with $14-$16 the likely floor. If Ryan Cohen doesn't inspire shareholder confidence, it could fall as low as $10, and hedge funds love shorting it. x.com