GameStop Is Preparing Offer For eBay (yahoo.com) 41
GameStop is reportedly preparing a potential offer for eBay, an unusually ambitious move given that eBay's roughly $46 billion market value is nearly four times GameStop's. Reuters reports: GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal reported on Friday. Shares of eBay, which has a market capitalization of about $46 billion, soared about 14% in extended trading. GameStop gained 4%. The company has a market value of nearly $12 billion.
GameStop has been quietly building a stake in eBay's shares ahead of a potential offer, the report said, citing people familiar with the matter. If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said.
GameStop has been quietly building a stake in eBay's shares ahead of a potential offer, the report said, citing people familiar with the matter. If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said.
Re:Why would you buy a dead company... 2000's is g (Score:4, Interesting)
Re: Why would you buy a dead company... 2000's is (Score:2)
There's a risk that ebay will go the way of vmware, suddenly they'll impose a transaction fee of 25%.
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eBay has a wider range of competing providers, local and international, and doesn't do dynamic pricing the same way Amazon does.
eBay is the original what the market will bear e-commerce platform. The only time you get something cheap on eBay is if it's something no one else wants.
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eBay is the original what the market will bear e-commerce platform. The only time you get something cheap on eBay is if it's something no one else wants.
False. ebay was originally a bidding platform that offered only singular transactions. By the nature of the type of transaction the price only reflects an insanely small subset of the market. The actual price for any given thing varied widely for any given transaction depending on who was looking and when. There were a shitton of bargains to be had on ebay.
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The only time you get something cheap on eBay is if it's something no one else wants.
Lots of sellers on eBay are operating storefronts for the same merchandise on Amazon and selling on Walmart and NewEgg's sites as third-parties, too.
Sellers go where the people are and the products are the same even if the prices are varied according to platform fees. Most "unique" content on eBay is individuals selling single items and not running a small business, just like Craigslist and Facebook Marketplace.
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Amazon forces sellers that operate on both platforms to match prices, artificially invading them.
Re: Why would you buy a dead company... 2000's is (Score:3)
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eBay has been struggling for a very long time. You can see the market cap history here: https://companiesmarketcap.com... [companiesmarketcap.com]
For instance, in December of 2004 eBay had a market cap of 77.87 billion. In today's money that would be somewhere around 135 billion, a far cry from the current 46.2 billion, which would be worth about 12 billion in 2004.
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Re: Why would you buy a dead company... 2000's is (Score:3)
Re: Why would you buy a dead company... 2000's is (Score:2)
Amazon is worse if you are a vendor.
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Because: CEO Ryan Cohen has signalled interest in large-scale acquisitions to grow GameStop into a significantly larger business. Cohen’s compensation package includes incentives tied to achieving a $100 billion market valuation.
Re: Why would you buy a dead company... 2000's is (Score:4, Interesting)
Bingo! So $10B EBITDA but at what cost. Spend $12B to get $10B? It's madness. Just more insanity in the world of CEOs, while the regular folk suffer.
Re: Why would you buy a dead company... 2000's is (Score:4, Insightful)
I've had more of the opposite problem with eBay. Selling there kind of sucks, unless you're selling brand-new Amazon style items and prepared to offer a full warranty and free returns.
Selling anything used or asâ"is is a shit show, because idiots will just click "buy now" on mobile without reading the description or condition, then return it when it's not new/sealed, and assholes will buy things like TV parts "sold as-is" then return it after they find out that the power supply is bad and now they blew the ass out of the mainboard they bought to try it.
eBay offers little recourse in these cases. Sometimes they'll refund the return shipping. You can ban buyers, but nothing stops them just making a new account, especially now that buyer feedback is essentially meaningless. The bright side is, the seller has the buyer's address for.. let's just go with "their records."
So like American "democracy," it's shit, but most of the alternatives are worse.
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The bright side is, the seller has the buyer's address for.. let's just go with "their records."
As someone who has been on the receiving end of harassment and threats by a seller I don't find this amusing.
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The thing about eBay that irks me especially now is when you order something and it just shows up from Amazon anyway.
Frankly that should be something that gets you banned from selling on the platform.
Re: Why would you buy a dead company... 2000's is (Score:2)
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I absolutely think it's just the latter, they just have a bot that finds items on Amazon, figures out the sell price to squeeze a small profit and just basically middleman transactions, they don't ever have to hold or touch products.
It's just shitty behavior in this particular case since my wife started buying more from eBay specifically to not buy on Amazon but it seems unavoidable. It just feels against the entire spirit of eBay as a platform but I suppose they still get their cut so why should they care
Re: Why would you buy a dead company... 2000's is (Score:2)
If you really want to avoid Amazon, you should be shopping directly on the manufacturer sites. Those are the sellers who are going to give you the best price, warranty, and support.
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Correct but also useless virtue signals, that's like saying never shop at a grocery store
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Completely impractical in 99% of cases. Manufacturers rarely sell directly to the public, and when they do, they usually do it in the form of an "Amazon store" or eBay equivalent.
Re: Why would you buy a dead company... 2000's i (Score:2)
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Drop shipping from Amazon (or any other retailer) is not allowed on eBay according to their rules. However cockroach drop shippers infest eBay with eBay doing very little to curb the practice. That is why I very, very rarely purchase new items through eBay. The chances of getting ripped off by drop shippers is too great.
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I ask this question seriously: How are you getting "ripped off" by drop shippers? You're getting what you paid for, and I assume in the estimated time frame.
I'm not counting the fake international drop shippers here (advertising US-located items but actually shipping from China), mostly the Amazon drop shippers.
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I recently needed some new rubber seals for a grinder that my wife absolutely loves. I went on eBay to see if perhaps I could find a new old stock grinder instead thinking finding just the seals would be next to impossible. Lo and behold during my search someone on eBay offered the seals in three packs. They were new but I went ahead and pulled the trigger any way. When the seals arrived they were in an Amazon package (of course). I went on Amazon and the same 3 seal pack was only 2/3rds the price. So the d
Re: Why would you buy a dead company... 2000's is (Score:2)
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I use eBay all the time, but very, very rarely do I purchase new items. eBay is a treasure trove for that odd used part you are looking for, perhaps to finish a retro computer build, or to replace that dish you broke in a set that is no longer manufactured. Most of the time new items offered on eBay are fulfilled by drop shippers through Amazon or a similar site. The drop shippers on eBay are the worst for scamming you so I avoid new purchases completely. I believe drop shipping is not allowed according to
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Also a great source of good quality used books, super cheap.
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The real question is: "Why is GameStop still around?" Who even still goes to a brick and mortar store to buy video games these days?
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Who even still goes to a brick and mortar store to buy video games these days?
Last time I looked, kids went in to sell games and buy used games, and moms went to buy games for kids.
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Last time I used their website, it was over complicated, non-responsive, and I got scammed
I've been using eBay since ... hmm, eBay says May 21, 2000. Part of eBay's charm is that their website is still uncomplicated for its level of functionality. They are essentially commercial Craigslist - no more webshit than is absolutely necessary to do the job. eBay is notable for having a lot of category-specific metadata about products listed on the site, which may or may not be correct but at least gives you something to search on. It's best to do both this and keyword searches because people misspell t
pump and dump 2026 (Score:1)
I know that chicken tendies guy is hanging around somewhere, even if he already had his pay day. This is a steamy pile...
The other way ... (Score:2)
Let me guess (Score:3)
They will offer 4 billion for it, then try to sell it for 40.
Or maybe accept 10 ebays for a 10% discount on Sony?
It's a stock scam people (Score:2)
One of the problems with our civilization is that our economy is currently run entirely by scammers and grifters.
It's going to blow up soon and Jesus fucking Christ it's going to be bad and there's nothing I can do about it and there's nothing you can do about it because the country is full of Marks and suckers.
I'm reminded of
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Yeah, GameStops playbook is to pump their stock though news and anyone stupid enough to believe it