Ryan Cohen Tried to Buy eBay With Fake Money and Reddit Is Losing Its Mind
GameStop's unsolicited eBay offer has WSB in chaos, Burry fleeing, and every finance nerd on the internet reaching for the popcorn

Ticker Ratings
Let's set the scene: $GME has a market cap of roughly $12 billion. Ryan Cohen just bid $55.5 billion for $EBAY. The financing plan involves $28 billion in new shares GameStop isn't authorized to issue, a non-binding 'highly confident' letter from TD Bank, and what appears to be sheer audacity. Patrick Boyle's breakdown of this deal on YouTube is currently doing numbers, and for good reason — this is less a merger proposal and more a performance art piece.
The guy who started the original GME frenzy, Michael Burry, has already exited his entire position, flagging 7.7x EBITDA leverage and dropping the quote of the year: 'never confuse debt for creativity.' Meanwhile, WSB is split between calling Cohen a galaxy-brained genius and slowly realizing the math doesn't math.
Reddit's highest-upvoted DD posts this week are basically five stages of grief in reverse order — and somehow 'buy' is still stage one.