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by v4dm 50 days ago
Ryan Cohen rarely does interviews & Lauren Thomas is one of the few journalists he agreed to speak to, they had an interview earlier this year - https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c...

If you check eBay & GME's stock prices after the announcement, the market seems to think there are at least serious discussions here if not more.
3 comments
afavour 50 days ago
Does “the market” not mean meme stock investors in this instance though?
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mattbrewsbytes 50 days ago
If you want to look at facts (these come from yahoo finance): 36% of their stock is held by institutions, another ~9% by insiders. Ebay is 95% held by institutions (that sounds insane but I don't follow markets, maybe its normal) and it went up 11% yesterday. That sounds like institutional traders think this is real, right? Ebay is at or near an all time high so why would anyone want to buy at an all time high? Maybe this is a pump and dump on ebay by Wall St? Get retail traders hyped, your stock bumps 10% or more, then dump shares.

I don't understand how a smaller publicly traded company can buy a larger publicly traded company. Don't they need to have a majority of shares or enough to demand a board seat? A deal like that probably needs to have outside investors and/or some leverage of some kind.

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underlipton 50 days ago
That depends on what you mean by "meme stock investors". Retail probably doesn't move an $11 billion market cap company 7% over the 5 hours BEFORE the WSJ article drops. Institutional investors trading on Gamestop's volatility might, though. There are other options, too, but those get into unpopular conspiracy theories and I don't want to nuke my karma.
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v4dm 50 days ago
Headline-driven market is a thing, not sure why meme stock investors are part of this? How are they connected to this news?

Also, what's a meme stock? How would you define that?

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adammarples 50 days ago
"the market" that moves gme stock is a meme subreddit but yes
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surgical_fire 50 days ago
GME stock price is not really a reliable metric for measuring the seriousness of anything.
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v4dm 50 days ago
...because you decided so?
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surgical_fire 50 days ago
Apologies. Maybe you just came out of a coma that spans half a decade and is unaware of the events surrounding GME stock.

It's a bit of a rabbit hole, but this is a good place to start: https://youtu.be/5pYeoZaoWrA?si=3YZ1SpRxOB9sglVG

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