Posted by n1b0m 3 hours ago
GameStop has physical stores so could be a place to send, collect from or even verify high value eBay items.
"Weird" is the wrong word for Allbirds. "Fraud" is far more fitting. They obviously have no intention running an AI-datacenter business and are doing it for the stock-price rush. A small number of people will be laughing all the way to the bank, and everyone will forget Allbirds in short order.
Ebay has a history of being legit, though they have had a long list of uncanny acquisitions themselves (including Skype, which they later sold for a stiff loss). It's a pity they couldn't just execute on their core business and are now being acquired themselves by an entity using sketchy financial shenanigans.
Who's going to stop a few rich people with a pile of money and a stated intent of doing something they have no intention of doing? No one, I guess. I mean, there's plenty of examples. Supermicro is still listed on NASDAQ even though one of their founders was caught smuggling export-controlled GPU's in Supermicro servers to the tune of 2.5 billion dollars a couple months ago.
It is a multi billion dollar market with Ebay being key secondary market with Gamestop angling for same.
This debt will carried by company resulting from merge. It might be not classic leveraged buyout but if they have any trouble with repaying it, it will end in asset liquidation all the same.
How the hell can GameStop buy eBay, this is insane.
Here local eBay "clones" aren't in a good place and have been left as ghost towns after Facebook Marketplace.
The best part is eBay works exactly the same as 10 years ago, as far as I can tell.