James Fontanella-Khan

And now they found ways of actually doing deals which are not traditional M&A.

So starting even with like Microsoft not really owning OpenAI, but being in the foundation or...

You have Facebook, instead of acquiring a company, it now kind of buys out the 10 best employees for $15 billion.

So is that M&A?

I mean, it kind of is, but it isn't.

And why are they doing that?

In the case of Facebook or Meta, it's probably because it makes it easier not to go through the whole antitrust regulatory process, right?

It's an acqui-hire.

I'm long on Brazil winning the World Cup.

Given that I'm Italian and there's no Italian team, I need to pick a derivative.

The test here is like whether a meme stock king can actually pull off the first meme M&A deal in history.

I'm Mark Filippino, and here's the news you need to start your day.

He's not your usual entrepreneur.

He appeals to that kind of anti-establishment kind of investor.

And I think the test here is like whether a meme stock king can actually pull off the first meme M&A deal in history.

You know, it's not a crazy idea, and he has a good track record.

He's not only been the chairman of GameStop, he created out of scratch a company called Chewy, which kind of is known for its pet supplies.

And he built that out of nowhere and went on to become a publicly listed company for $9 billion.

So he's not like a random entrepreneur.

He knows what he's doing, and he thinks he could do it at eBay.