GameStop CEO Ryan Cohen’s $56B Plan to Take Over eBay
- Jun 23, 2026
- 1:03:03
- Full Episode
(0:00) David Friedberg intros GameStop CEO Ryan Cohen! (1:56) Building and selling Chewy for $3.35B, how to compete with Amazon in e-commerce (11:58) Post-Chewy life, activist investing, the road to GameStop CEO, expanding into collectibles (26:39) Why he wants to buy eBay for $56B: Massive potential, poor execution (slow growth, rising expenses, seller relationship failure) (43:58) Ryan's three-part vision for eBay: Cut costs, expand live commerce, create digital in-game collectible marketplace (49:33) Why eBay has rejected the offer, media bias against GameStop
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Brief Summary
Ryan Cohen discusses his transition from Chewy to GameStop CEO and plans to acquire eBay, emphasizing operational efficiency and seller engagement.
Key points
- GameStop's Underdog Status. Everyone seems to hate GameStop, but why?
- Ryan Cohen's Journey. From Chewy to GameStop, Ryan Cohen shares his entrepreneurial journey.
- Activist Investor. Ryan Cohen discusses his transition from passive investor to activist at GameStop.
- GameStop's Revenue Growth. Collectibles now account for 42% of GameStop's revenue, totaling $350 million.
- eBay's Missed Opportunities. Discussion on eBay's potential to compete with Amazon and missed strategic moves.
- Ryan Cohen's Vision for eBay. Cohen outlines his plans for eBay, focusing on live commerce and digital collectibles.
Episode highlights
- GameStop's Underdog StatusEveryone seems to hate GameStop, but why?“So why does everyone want us to fail?”0:25Jun 23, 2026
- Ryan Cohen's JourneyFrom Chewy to GameStop, Ryan Cohen shares his entrepreneurial journey.“I mean, I love that business.”11:37Jun 23, 2026
- Activist InvestorRyan Cohen discusses his transition from passive investor to activist at GameStop.“I went activist for the first time.”12:08Jun 23, 2026
- GameStop's Revenue GrowthCollectibles now account for 42% of GameStop's revenue, totaling $350 million.“It's pretty tremendous how you've operated this business.”27:01Jun 23, 2026
- eBay's Missed OpportunitiesDiscussion on eBay's potential to compete with Amazon and missed strategic moves.“eBay could have been Amazon.”35:02Jun 23, 2026
- Ryan Cohen's Vision for eBayCohen outlines his plans for eBay, focusing on live commerce and digital collectibles.“There's a huge growth opportunity for them to start doing really well in live commerce.”46:45Jun 23, 2026
- Rejection of Acquisition OfferThe eBay board has rejected Cohen's acquisition offer, citing concerns over experience and financing.“They don't want to hand over the reigns. They're making a lot of money.”50:27Jun 23, 2026
- The Parachute PayoutCohen reveals the staggering payout for eBay's CEO if he is let go.“It's over 100 million bucks.”58:16Jun 23, 2026





