GameStop CEO Ryan Cohen’s $56B Plan to Take Over eBay

All-In Podcast

  • 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.

Tension

75/ 100High tension

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