eBay, GameStop
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GameStop stock slides overnight: Roaring Kitty’s brief meme spark doused by fresh dilution fears
Mysterious social media posts linked to “Roaring Kitty” briefly sent GameStop shares soaring. ・In an SEC filing on Monday, GameStop asked shareholders to approve an increase in authorized shares from 1 billion to 2.
On Sunday, May 3, GameStop (NYSE: GME) announced it had made an unsolicited offer to acquire the global online marketplace eBay for roughly $55.5 billion (1). CNBC interviewed Gamestop CEO Ryan Cohen the following day,
Retail traders online were pumped about the idea that Ryan Cohen's plan could turn GameStop into a next-era Berkshire Hathaway.
Michael Burry sold his entire GameStop stake after the company bid $55.5 billion for eBay, warning the deal's debt load kills his "Instant Berkshire" thesis.
GameStop (NYSE: GME) has undergone a remarkable transformation, thanks in large part to its moment in the sun as a red-hot meme stock. While the company's share price has pulled back substantially from its lifetime high of nearly $87 per split-adjusted ...