{"id":2056,"date":"2026-05-07T19:40:44","date_gmt":"2026-05-07T19:40:44","guid":{"rendered":"https:\/\/gw.adampg777.com\/?p=2056"},"modified":"2026-05-07T19:40:44","modified_gmt":"2026-05-07T19:40:44","slug":"ebay-bans-gamestop-ceos-account-after-he-listed-store-signs-to-fund-his-56-billion-ebay-offer","status":"publish","type":"post","link":"https:\/\/gw.adampg777.com\/?p=2056","title":{"rendered":"eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer"},"content":{"rendered":"

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Apparently every dollar counts in GameStop\u2019s $56 billion effort to acquire eBay.\u00a0<\/p>\n

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GameStop\u2019s CEO, Ryan Cohen, already has a $20 billion financing commitment from TD Bank to put toward the acquisition, but questions remain about how the rest of the deal will be funded given GameStop\u2019s market cap is only about $11 billion.<\/p>\n

On Wednesday, Cohen said in a post on X he had come up with a creative way to fill the gap: \u201cI\u2019m selling stuff on eBay to pay for eBay.\u201d If he sold all the merchandise listed on his seller page, which includes everything from baseball trading cards, video games, and other items, at the current top bids, Cohen would be able to collect more than $138,000, a minuscule fraction of the total $56 billion.<\/p>\n

Yet, less than 10 hours after Cohen\u2019s initial X post, his account, ryan_5050 was suspended, according to a screenshot he posted on X.<\/p>\n

The trouble may have started just hours after his initial social media post. Cohen had listed a myriad of items for sale on the online marketplace site, including old GameStop signs, a GameStop mug, and even an old square of \u201cGameStop carpet.\u201d Meme stock devotees quickly bid up the price of all the items, including a pair of worn Adidas crew socks, which as of midday Thursday were going for about $14,188. Cohen also said each\u00a0buyer would get a signed copy of the offer letter he sent to eBay\u2019s board and free shipping, Bloomberg<\/em> reported.\u00a0<\/p>\n

Hours after his initial X post detailing his plans to purchase eBay, Cohen followed up with a screenshot of eBay giving him a warning: he had gone over eBay\u2019s limit for posting items totaling more than $50,000 in a month.<\/p>\n

Just before midnight, he posted a follow up screenshot that said his account had been \u201cpermanently suspended because of activity that we believe was putting the eBay community at risk.\u201d\u00a0<\/p>\n

\u201cOn phone with customer support @eBay. please respond @eBay,\u201d he wrote in a follow-up post.<\/p>\n

As of Thursday, Cohen\u2019s account still appeared on eBay, though it\u2019s unclear if he still has access to it.<\/p>\n

When reached for comment, a spokesperson for GameStop directed Fortune<\/em> to Cohen\u2019s post on X saying it \u201cspeaks for itself.\u201d The spokesperson didn\u2019t immediately respond when asked to confirm whether Cohen\u2019s account had been suspended. A spokesperson for eBay did not immediately return Fortune<\/em>\u2019s request for comment.<\/p>\n

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I have been suspended from eBay pic.twitter.com\/0vadYCQ6KE<\/a><\/p>\n

\u2014 Ryan Cohen (@ryancohen) May 7, 2026<\/a><\/p><\/blockquote>\n

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GameStop\u2019s unsolicited bid to acquire eBay surprised investors, including Michael Burry, of \u201cThe Big Short\u201d fame, who said earlier this week he was selling all his shares in the company, saying, \u201cNever confuse debt for creativity.\u201d Burry said in a Monday Substack post he was concerned about how the deal would skyrocketing the company\u2019s debt.<\/p>\n

Cohen is known for his bold moves. In 2011, he started Chewy, the e-commerce website for pet supplies, which he later sold to PetSmart for $3.5 billion. Later, during the memestock frenzy of the early 2020s, Cohen\u2019s venture capital firm made $68 million after offloading a 10% stake in Bed, Bath & Beyond. He took a stake in GameStop in 2020, and gained notoriety as the \u201cMeme King\u201d after retail traders sent the video game retailer\u2019s shares soaring more than 1,700% in just weeks.<\/p>\n

After previously serving on the board, he became CEO of GameStop in 2023. Since then, Cohen has pushed austerity measures that include closing physical stores and laying off about 4,500 employees since he took charge. The company\u2019s market cap has increased to nearly $11 billion from $1.3 billion in 2021.\u00a0<\/p>\n

As for the eBay acquisition, Cohen said in an interview with CNBC<\/em> this week that the conversations are \u201cjust starting.\u201d The company is meeting this week to review the offer, Semafor<\/em> reported.<\/p>\n

\u201cThis is a business that is under-earning and can make a lot more money. And GameStop is a good blueprint for that,\u201d Cohen said of the potential acquisition on CNBC.<\/em><\/p>\n<\/div>\n