Potential new offer for ebay
There's an article on Marketwatch dated 7.7.26 that says "GameStop investors clear the way for a fresh attempt at buying eBay”.
I've read elsewhere that Ryan Cohen's plan is to combine ebay with GameStop in order to create a company of a size that will rival Amazon.
6 comments
suelel1968
·1 month agoI'm not sure it will make much difference to the little people whoever runs it, but i do think it will happen eventually. It is currently just a stock market machine with little growth, ideas or passion for it's core business. They buy their own stock to support the share price no matter what the core business does results wise.
2nd quarter results will be out at the end of July. Seems like a good time to make a new offer.
technthread
·1 month agoI read that Sony are stopping physical disc production in 2028. GameStop will have seen this coming and need to transition sooner or later.
GameStop seem to have the same problem that the average eBay seller does in that the big brands are trying to capture the profit on the re-sale of their own goods. If you look at fashion for example, many brands are buying back their own used clothing.
simplyessential_uk
·1 month agoI think some of us have got to the point with ebay of thinking " can it get any worse?" Sales are in single figures now (per day) that were once nearly 30+ - I sell on Amazon and my goodness they are ruthless and demanding overlords - Bots and untrained people who could strike your business to dust with 1 or 2 violations and buyers are refunded at the drop of a hat regardless of tracking received - So be careful what you wish for.
c_of_e84
·1 month agoRival amazon, when you think of each ebay seller as a separate warehouse all doing there own thing its never going to happen unless they turn sellers into machines.
theelench
·1 month agoDo we have GameStop, or some sort of subsidiary, in the UK ? From what I read about the first offer one reason given for it was that the GameStop outlets would provide ebay sellers with an existing network of drop-off / collection points and the possibility of having an internal delivery system that would reduce reliance on third party carriers.
The more I read about the proposed take-over, the more it seemed like another Wall St. inspired concentration of assets for the benefit of shareholders and we all know where that has led ebay. Everything can be sacrificed on the altar of 'growing returns to shareholders'
From anecdotal comments on here, if there is one company that treats its sellers worse than ebay, it's amazon.
So by creating another amazon would sellers then be left with a choice of two monsters with little to chose between them ?
We all read the ebay propaganda announcements that claim every change is going to increase sales, streamline the site making them easier etc. and how, so often, they are anything but and only benefit ebay.
I read Ryan Cohen's statement about how he wants to treat sellers as the new company's real customers and treat them better but, in the never-ending search for increased shareholder value I ask myself. Where does corporate America usually start it's search ?
Cost cutting (some of which he has outlined) and squeezing its customers harder.
moonlight-rhapsody
OP1 month ago"So by creating another amazon would sellers then be left with a choice of two monsters with little to chose between them ?"
That was my reaction. I don't see how it can square with sellers/customers being given a better experience. But as I keep saying to a relative - "just because you don't understand how it can work, doesn't mean that it doesn't" - so it would be up to Ryan Cohen to make it work. I can't see it happening though.