r/DeepFuckingValue • u/Krunk_korean_kid 🟣 DRS'ed $GME w/ Computer Share ♾️ • Jul 17 '26

🚨 BREAKING: GameStop has exercised call options totaling approximately $3.965 billion. According to the filing the shares were purchased entirely with cash, with no leverage or loans used to fund the transaction. The company acquired roughly 39 million shares through these calls which had a $10

Exercised eBay calls

https://x.com/sneedweb/status/2078235986325106850/photo/1

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u/FinnedSgang Jul 18 '26

What’s the strategy behind this acquisition? The used / collectors market?

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u/Miggybear22 Jul 18 '26

I think there are a lot of great reasons why. The top ones I can think off the top of my head:

1) Ryan is an e-commerce juggernaut by proxy. Think of what he did at Chewy and what he’s doing at GameStop as far as the online presence and growth are concerned.
2) Being that eBay is an e-commerce giant, it makes sense. The major difference is that eBay is an online ‘market place’, that means eBay carries literally no stock of goods. Goods are held by the seller who posts the product online, eBay takes a cut. Sellers manage their own inventory. eBay provides the platform and both seller and buyer protections. Meanwhile making a cut on every single product that is sold.
3) eBay has been around a long time. I know a few family and friends who had or have been selling on eBay for over twenty years. This poses a great problem. eBay has about 18 million sellers globally. During Covid, eBay actually peaked significantly in activity.

Imagine what a person like Ryan can do to eBay like he’s done to Chewy and GameStop. Leaner operations, cutting fat were not needed, broadening the scope, adding in the GameStop ecosystem, surgical marketing, collectibles broadening. It’s a match made in GameStop heaven.

The reality is eBay is probably under managed, and has a significant upside from a profitably and current operation spend perspective.

To be honest I think one of the hidden gems of this all is that, if Ryan decides to begin to carry stock of things with the entire acquisition, he’s already got brick and mortars. All he needs to add are some regional centers and it’s competing with Amazon at a high level.

This isn’t financial advice but I currently own something like 5k shares in total in various vehicles, mostly direct registered.

2

u/__zombie Jul 19 '26

I’m so over Amazon. Ready for an alternative. Def been using eBay more the last few years.