ALL billionaires have screwed someone over. That’s the only way to become a billionaire.
Is he trying to trigger his golden parachute?
No executive would say that if they wanted to keep their job.
He doesn’t have one he actually doesn’t have any compensation for being CEO.
Huh, had no idea. Then this is more bizarre/insane/weird.
He never wanted to be CEO of GameStop, in fact he chose someone to do the job but ended up not liking how he was running the company and couldn’t find someone he liked so he took it over himself. He’s not a gamer and is most familiar with Ecommerce so it makes sense why he would rather Ebay over GameStop.
Yeah he might get fired by the majority shareholder. Oh wait.
He really is turning out to be a disappointing douchrbag like the other stock market leeches though.
His bid for eBay has not been fruitful thus far. The biggest reason being that he doesn’t have the cash for it, offering $56 billion while only having $9.4 billion in assets.
Seems the bigger the number, the bigger an idiot you can be.
Someone needs to sit this guy down with some crayons and be like, “the alligator wants to eat the bigger number. Do you now understand why you can’t afford this?”
What fuck how can bid to buy something with less money then they actually have? Does think the bank just going hand him the rest of the money?
Shit, wait till you find out about cars and houses and how people life. Fucking muricans love some good debt
It is called credit.
Game Stop will work with a bank or any number of lenders to put together the deal. After the deal is done, eBay will pay off the “lenders”.
99.9999% of everyone who buys a house bids on the house with less money than they have.
Same with most luxury items such as cars and boats.
Businesses do this with necessities such as Trucks and building equipment. A buddy of mine owns a concrete business and he just bought a backhoe loader with a bunch of different attachments that cost 175K USD, he is very successful but he didn’t pay for that with cash.
GameStop has a certain percentage of eBay stock. Essentially they “own” a relative large percentage of eBay already. They also have a substantial amount of third party funding.
They own 5%. Not remotely a controlling share. They’re not even in the top 3 for largest shareholders.
I was wondering if this was a takedown from the inside, because of the whole, people working together to stop a company being shorted to death, thing. Which, i could imagine, angered those who think they’re gods, to no end. But surely they wouldn’t be so obvious about it.
