
u/Frequent_Werewolf_21

Happy Hour at Ebay
Cohen criticized eBay's corporate culture, alleging that the company had become too comfortable and undisciplined under its current leadership. He claimed "happy hour goes on for hours during the day" and said employees were effectively being encouraged to drink at work.
"It's a drinking culture," he said.
A master stroke by Cohen - Opening up a second front in the war
The Poison Is In Both Cups
Thanks to RC acquiring a 5 percent stake of ebay then offering 125$ per share for it, Wall Street is now fighting a two-front war.
We all know shorts r fukt. Keeping GME suppressed costs money. Borrow rates, margin, constant downward pressure. Every day they hold those shorts is a liability on their books. That's the front we've been fighting on. Like trench warfare in WWI, we take a few hundred yards, they take it back.
But by making this offer for ebay, a new front has been opened and it's going to force Wall street to fight on both fronts while GME stands to benefit from all scenarios.
Listen, if they want to stop the eBay takeover, which they do (90 percent institution owned) they are going to need to keep eBay's price elevated. That also costs money. Buying pressure, defending the price, coordinating institutional resistance.
It's the same pool of capital bleeding on two fronts. Almost like engaging in a land war in Asia.
Every dollar spent suppressing GME is a dollar not available to defend eBay. If they let the price fall too much RC's 125/share offer becomes undeniable. Institutions have a fiduciary duty, they cannot say no to a 46% premium forever. The deal closes. GME transforms overnight. Shorts obliterated.
Every dollar spent keeping eBay up is a dollar not available to suppress GME. Besides let's say they elevate the price enough to rebuff Cohen's offer. Guess what? Our 5% stake is worth close to a billion in profit. We cancel the offer, sell our stake and add a billion to our cash pile. Further killing any short thesis. Wall street just gave us a billion in a couple months to fund our next acquisition target, thank you.
Both cups are poisoned. GME has built up the tolerance to the poison.
Never get involved in a land war in Asia.
And never, ever, go short against an RCEO with a $9 billion cash pile when financial death is on the line.