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GameStop's CEO unleashed a flood of good memes with his eBay offer

Business Insider·Shubhangi Goel·about 1 month ago
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GameStop wants to take over eBay, and the internet delivered with memes. DOMO Capital Management, LLC on X GameStop CEO Ryan Cohen proposed a $56 billion buyout of eBay. GameStop's bold move to acquire eBay sparked a flood of memes. Here are our favorite reactions. How do you celebrate a memestock trying to buy a company four times its size? You make memes, of course. On Sunday, GameStop's CEO, Ryan Cohen , made an unsolicited offer to buy internet retailer eBay for about $56 billion. GameStop has a market cap of about $11 billion, compared with eBay's $46 billion. "EBay should be worth — and will be worth — a lot more money," Cohen told The Wall Street Journal on Sunday. "I'm thinking about turning eBay into something worth hundreds of billions of dollars." Cohen, who joined the company in 2023, said he wanted the company to become a "legit competitor" to Amazon. On Sunday, GameStop said it was offering to buy eBay for $125 per share, with 50% in stock and 50% in cash.…

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