Lauren Thomas

How much could eBay scale?

And how much should they scale at the end of the day?

Ryan basically told me at the time that he was looking at big deals.

He had ambitions to pursue big M&A through GameStop.

He wanted to try to go after a large company.

So he's definitely been laying the groundwork that this was at least something he was thinking about.

He has GameStop now.

Again, this is a company that's got a market cap of, say, $11 billion, $12 billion on any given day.

But he wants something much bigger than that.

Ryan Cohen, just as an investor, has always hinted at this idea of, you know, being like a Warren Buffett and that he's taken from people like Warren Buffett and Charlie Munger and how they think about investing.

And you look at a Berkshire Hathaway, today it's a big conglomerate, it's a big holding company, and it has all of these other businesses that are very different within it.

And so I do think that's part of what he's trying to do here with GameStop and eBay.

One reason we know that Ryan might have his sights set on that $100 billion market cap is because the company GameStop actually adjusted his compensation package earlier this year, which basically says, you know, he's not taking any salary, he's not taking any pay, unless he hits some of these financial targets, which...

to many people seemed like a total moonshot.

And so, you know, if he again, hypothetically, he were to achieve, you know, these big profitability targets and market value of over $100 billion, he would be compensated and rewarded as a result.

This was his first interview, seeing what he had to say.

And it really, you know, it really, it didn't give much, I guess.

I think people walked away from it kind of wondering, like, what exactly was that?

As the interview went on and on, you know, you could see that he was less and less interested in kind of engaging with the anchor's

And I think it was uncomfortable and awkward at times.