They have deep synergies in the collectibles market. There's a Venn diagram with eBay on one side and Gamestop on the other, and cultural characters like Logan Paul with his $16m Pokemon card right in the intersection.

This is a big market getting bigger. Americans have more spending money than ever before, especially at the top end, and the collectibles market is expected to grow as much as 7% y/y for a long time. That's like $50b of new spend every year. Massive opportunity.

I think this is smart. Gamestop is a vibes company, everyone knows it, and this is an opportunity to acquire a real business with strong tailwinds. Everyone knows eBay has been poorly run for 20 years. Even in 2010/2011 when I worked there it was running on empty so to speak. Some opportunity to take control of that narrative and grow the business in demographics with deep pockets would be huge.

They have no synergy. One is a meme stock that sells video games in retail stores. The other is an auction site eCommerce platform.

Collectibles is tiny market for eBay. They sell mostly mass produced goods and random used things.

> Americans have more spending money than ever before

WHAT?

> especially at the top end

Ahh, that's the correct identifier.

It's an extremely K-shaped economy.