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The meme investors can stay irrational long before gamestop gets a growth story. If they haven't given up on their get rich quick scheme that's lasted over five
by mixologic 5mo ago
The meme investors can stay irrational long before gamestop gets a growth story. If they haven't given up on their get rich quick scheme that's lasted over five years now, I really don't think they're going to jump ship now.
The sad part is that gamestop is offering 55 billion, yet only has 9 billion in cash. The only way they come up with that much capital to buy ebay is to dilute the existing shareholders to a point that "to the moon" will just be moondust.
- asdfasgasdgasdg 5mo agoI was assuming it was going to be an LBO? Surely they don't plan to raise the money in cash.
- trollbridge 5mo agoI suspect Cohen has a novel financial instrument in mind. After all, at some point someone invented the first LBO.