GameStop Stock Jumps 9% on eBay Bid Report, Reigniting Meme Stock Frenzy
BeInCrypto
GameStop shares surged 9% following reports of a potential takeover bid for eBay, sparking renewed interest among retail investors.Summary
GameStop (GME) shares rose over 9% in after-hours trading following a Wall Street Journal report indicating the company is preparing a takeover bid for eBay. The news has revitalized interest among retail traders, reminiscent of the 2021 meme stock frenzy. CEO Ryan Cohen is reportedly targeting an ambitious $100 billion market cap to unlock significant equity compensation, leading the firm to potentially leverage its cash reserves and Bitcoin holdings to pursue this acquisition, despite the significant disparity in size between the two companies.
(Source：BeInCrypto)