Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid - Reuters
1 min readAnalysis by AlgoThesis Editorial Desk
Market Memory
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The story
GameStop's Ryan Cohen bid $125/share for eBay; eBay's board has rejected the takeover proposal after a 'thorough review.' The rejection leaves Cohen's next move — higher bid, hostile campaign, or retreat — as the key binary, while eBay insiders sold 15 shares in the last 30 days suggesting limited internal conviction that a deal gets done at any premium.
The two-sided take
The house read
Wrong ifCohen launches a higher or hostile bid, triggering a renewed meme-stock squeeze in GME — the stock's thin float and retail ownership make it vulnerable to sharp upside squeezes that ignore fundamentals entirely.
Published read · research, not advice