GameStop CEO still intends on buying eBay, somehow
www.reuters.com
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Giving up the $35 billion performance pay package is one thing, but they're still short at least $40 billion dollars if they want to purchase eBay, at least if they do it on the open market. Hard to imagine the resulting company not being so loaded with debt that it doesn't go bankrupt immediately.
I'm no GME defender but the company is doing remarkably well today compared to where it was during the short squeeze days.
Positive EPS of $0.87 and net profit of 47% ... that's better than a substantial portion of index companies.
The surge in demand for collectibles has been a game changer for the company.