News Summary

• Ryan Cohen briefly banned after bootstrapping cash ostensibly to buy auction site.
• Supporters of GameStop's bid for the auction site can show it via Cohen's page, where they can pick up rare games, tech, and other valuables.
• GameStop announced its offer to buy eBay on May 3 at $125 per share - a 46 percent increase on its February 4 closing price - which is the date GameStop first started buying eBay shares.
• Cohen said if the bid is successful, GameStop and eBay will operate as a combined company, and the CEO, who took over the gaming retail business in 2021, would pursue $2 billion in cost reductions in the first year.