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Rob Armstrong

πŸ‘€ Speaker
1482 total appearances
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Unhedged
Can GameStop buy eBay?

Or do you think he means it?

Unhedged
Can GameStop buy eBay?

And by the way, I've often said this about...

Unhedged
Can GameStop buy eBay?

The meme stocks.

Unhedged
Can GameStop buy eBay?

Like, if the market, for reasons unknown, decides to massively overvalue your shares, for goodness sake, sell the market more of the shares.

Unhedged
Can GameStop buy eBay?

Yeah, which they did.

Unhedged
Can GameStop buy eBay?

That's exactly what they did.

Unhedged
Can GameStop buy eBay?

That is the rational thing to do.

Unhedged
Can GameStop buy eBay?

That is the best thing you can do for shareholders.

Unhedged
Can GameStop buy eBay?

But before we get to management competence, let's just talk about the hard finances.

Unhedged
Can GameStop buy eBay?

Yeah.

Unhedged
Can GameStop buy eBay?

What do eBay shareholders own now?

Unhedged
Can GameStop buy eBay?

And if they accept this deal, what will they own after the deal is done?

Unhedged
Can GameStop buy eBay?

Yeah.

Unhedged
Can GameStop buy eBay?

And if you're an eBay shareholder, the risk is that you –

Unhedged
Can GameStop buy eBay?

print shares, print shares, print shares, and this leads to an unsustainable financial structure for the company.

Unhedged
Can GameStop buy eBay?

Yes.

Unhedged
Can GameStop buy eBay?

How much cash do they each take away?

Unhedged
Can GameStop buy eBay?

So I take $56 or something in cash.

Unhedged
Can GameStop buy eBay?

$62.50.

Unhedged
Can GameStop buy eBay?

That was terrible math, by the way.