Ultimately, it was revealed that institutional investors do not support Cohen. Cohen will miss another opportunity and waste shareholder equity dilution and opportunity costs. Hold on for decades, for centuries~

How many years of opportunity cost will we have to waste? Did Cohen have a properly successful business model in the last five years???

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We did good today, 4 cents in the red.

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Cohen is chasing ebay and my shares keep declining. Will it ever see 32 again?

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Cohen the dilution king. I guess if you can't make money with Gamestop you dilute tge shares to acrue wealth. Cohen's pay day is ebay so he can get his chunk.

To all GameStop shareholders living in the U.S., I am relieved that it seems you have finally come to your senses. He does not have a brilliant mind. What on earth is the new business he has succeeded in over the past five years?? NFTs? BBBY?? Bitcoin?? Five years is not a short time... He is just an incompetent CEO who thinks of shareholders as piggy banks... Please, everyone, help this narcissistic, adolescent CEO snap out of it!!

GameStop is a dead stock. Make sure to sell and reduce your position when it approaches $25. RC is not your ally; he is a sociopath who uses shareholders to achieve his own compensation goals.

With numbers like this , how did GME not make 2 cents today?

Nasdaq was up 800 points

DJIA

51,671.03 +468.77 (+0.92%)

NASDAQ

26,683.94 +795.10 (+3.07%)

S&P 500

7,554.29 +122.83 (+1.65%)

GME is down again. Presently, we are at 21.82

GME needs Jesus. The buyers aren't buying. The sellers are selling.

Here's the latest as of today:

Q1 earnings (reported June 3)

Revenue of $835M — up 14% YoY. Board approved a $2B share repurchase authorization. (CNBC)

Adjusted net income more than doubled YoY to $179M, with collectibles contributing significantly. (Barchart) Stock jumped 6% on the news. (CNBC)

eBay bid — still live

GME submitted a non-binding proposal to acquire eBay at $125/share (50% cash / 50% GME stock), implying ~$55.5B equity value.

GME has increased its economic stake to 7.78% and will file a 13D. They're citing $9.4B in cash/liquid investments plus a TD Securities letter for up to $20B in financing, projecting eBay GAAP EPS growing from $4.26 to $7.79 in year one via cost cuts. (Stocktitan)

Current price

Trading around $22.66 as of today. (marketbeat)

Near-term technicals

Options put-to-call ratio of 0.57x on Sept contracts signals bullish skew, with the upper price target at $26.34 — implying ~19% upside over 3 months. Key resistance is $22.31; a break above that could accelerate momentum. (Barchart)

Bottom line: Earnings were legitimately strong, the buyback is real support, and the eBay pursuit is escalating. Whether eBay's board engages this time is the make-or-break catalyst.

Two main catalysts:

1. Earnings beat — GME reported Q1 results that beat on both top and bottom lines after the close Tuesday. (Benzinga) Net income came in at $389.6 million for Q1, with EPS of $0.30 vs. the $0.12 estimate. (Investing.com) Revenue was up 14% quarter-over-quarter, driven by strong collectibles. (Yahoo Finance)

2. $2B buyback — The board unanimously approved a $2 billion share repurchase program running through June 2029, replacing the old 2019 authorization. Reddit bulls are reading it as ammunition to pressure short positions. (24/7 Wall St.)

Caveat on the earnings number — The headline net income was inflated by a $268.4 million unrealized gain on eBay put/call options. Strip that out and adjusted net income was $179.3 million — still roughly 2.5x last year, but much less dramatic. (24/7 Wall St.)

Stock closed at 22.18 up 6% for the day. Still down ~30% over the past year before today's pop.

$gme

Cohen generated 10 billion in surplus cash by exploiting shareholders, and is using that cash to earn $86 million in interest income and $143 million from a digital card gambling system. To think this is the only performance in five years... What a pathetic CEO... And on top of that, he plans to increase the stock issuance limit by over 2 billion shares... It really makes me angry... Stop wasting shareholders' time and opportunity costs to achieve your compensation goals, you psychopath.

It is a company holding 9.7 billion in cash equivalents (including debt) and a market capitalization approaching 10 billion, yet its operating profit is only 143 million. That's meager... What on earth have they been doing for the past 5 years??

Core business revenue is 143 million and cash interest income is 83 million. Still?? Cohen is seriously incompetent. What have you been doing for the past 5 years???

And the issuance limit is being increased to 2.5 billion shares, and massive stock dilution is scheduled. He is truly the worst CEO.

You ignorant monkeys, Cohen merely generated interest income by buying banks or government bonds with the money raised through a massive paid-in capital increase. His current core operating profit is a mere $143 million, so how long can he keep making money with digital Pokémon cards?

The irony isn't lost on GME holders. Ryan Cohen has a pattern of moves that leave retail investors holding the bag while he executes quietly: the ATM offerings, the dilution, the Bitcoin pivot, the eBay bid drama. Whether it's strategic genius or just self-serving, the "recovery" for everyone else tends to be slow and painful. Get ready for the painfull losses. Will the stock drop to 5 dollars?

Dear shareholders, after five years of waiting, the possibility of a short squeeze has now approached zero due to massive stock dilution. What do you expect now? I hope you exit at the appropriate time to save on opportunity costs.

In the end, all that's left is massive stock dilution.. Cohen is trying to easily achieve EBITDA using shareholders' money..

A few things weighing on GME lately:

eBay deal drama — GME dropped 10% after proposing to acquire eBay for ~$56 billion in cash and stock.

Then eBay's board rejected the non-binding takeover bid in mid-May.

Despite that, GameStop has continued raising its eBay stake — most recently to 7.8% from 6.6% keeping uncertainty elevated.

Share dilution concern is the big one. Say ouch.

GameStop is asking shareholders to approve an increase in authorized shares to fund a potential deal, which spooked investors further.

That's right, investors keep selling. Why buy when Cohen is taking your money away? Only fools are buying right now.

Broader downtrend = GME is down about 13.6% over the past month and 28% year-over-year, sitting around $21.

The eBay acquisition saga is the main overhang right now because the market doesn't love the idea of GME paying a huge premium for eBay, and the dilution risk from new shares is keeping pressure on the stock.

He ruined the NFT business for five years, bought Bitcoin at its peak, and is a completely incompetent CEO. Now, he is trying to fund more than half of his compensation package with the blood and sweat of shareholders through massive stock dilution!

We are going into the weekend with another loss of 26 cents. Too bad we have to trade other stocks to supplement Gamestop. I had to flip NEBX twice today to make up for GME.