| ▲ | CodeWriter23 5 hours ago |
| This movie isn't over yet. We'll have to wait and see if GameStop goes full 80's on them with a hostile takeover attempt. |
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| ▲ | matwood 5 hours ago | parent | next [-] |
| GME had already acquired ~5% of Ebay shares ahead of the offer. |
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| ▲ | kentm 3 hours ago | parent | next [-] | | He actually didn't. The majority of that was in options. So he "controlled" 5% via derivatives but this is not the same as owning shares. | |
| ▲ | 4 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | sirbutters 3 hours ago | parent | prev [-] | | Why didn't Cohen buy 100% of eBay shares. What is he, stupid? |
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| ▲ | tclancy 5 hours ago | parent | prev | next [-] |
| Someone call T. Boone Pickens and the Greenwash Boys! |
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| ▲ | kotaKat 5 hours ago | parent | prev [-] |
| Meanwhile they're now working on getting approval to dilute out another billion or so shares: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/0... "We are asking our stockholders to approve an amendment to our Third Amended and Restated Certificate of Incorporation, as amended by the Certificate of Amendment dated June 2, 2022 (the “Existing Charter”), to increase the number of authorized shares of our common stock to 2,500,000,000, and correspondingly increase the number of authorized shares of all classes of our stock to 2,505,000,000 for the reasons discussed below. Our Existing Charter currently authorizes the issuance of 1,000,000,000 shares of common stock and 5,000,000 shares of preferred stock." |
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| ▲ | WJW an hour ago | parent | next [-] | | I thought their stockholders were super into direct registration to trigger the "mother of all short squeezes" when (or so the conspiracy went anyway) all the evil hedge funds would have to buy back their alleged naked shorts for infinite money. That doesn't really play well with Gamestop putting 1.5 billion extra shares on the market, which is basically exactly the reverse of a short squeeze and would surely push down prices. Or was this a 2022 thing and Gamestop investors have moved on from diamond handing? | |
| ▲ | SwellJoe 5 hours ago | parent | prev [-] | | Cocaine (or whatever their CEO is on) doesn't buy itself. Edit: Also, the fact that company leadership can get away with this kind of thing, fleecing retail investors for millions/billions of dollars, and face no consequences is...I dunno. I guess it's just normal now. Lawlessness, bribery, favors to the right politicians, lying without hesitation or remorse. People in media clutching their pearls over whatever the Gen Z kids are getting up to on TikTok while this shit is going on is just the icing on the cake. |
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