Reddit vs. Wall Street: the latest in the GameStop saga
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GameStonk’s next move: buy eBay?
The next step in the “finance is just another meme” movement will apparently include GameStop CEO Ryan Cohen making an attempt to acquire eBay.
While eBay’s market cap ($45 billion) is bigger than GameStop’s ($11 billion), the WSJ reports that GameStop has been buying eBay shares ahead of a potential offer, and notes that Cohen’s adjusted compensation package could pay him as much as $35 billion in stock for boosting its market value and profitability.
GameStop Preparing Offer for eBay
[Wall Street Journal]
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