GameStop reports preliminary Q2 results with eBay stake worth ~$4.95 billion
GameStop reported preliminary Q2 results showing operating income more than doubling year-over-year, and now owns 43.4 million eBay shares worth roughly $4.95 billion. The company also disclosed 55.5 million shares plus $358.4 million cash, with roughly 27% of an exchange paid in cash instead of stock.
Detected & updated continuously · Source: Nebula
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@PolymarketMoney
BREAKING: GameStop now owns 43.4 million eBay shares worth roughly $4,950,000,000.00 after preliminary Q2 results showed operating income more than doubling YoY.
@ODB123
Grand rising ✨️ GameStop just changed the math. 55.5M shares plus $358.4M cash. Roughly 27% of the exchange gets paid in cash instead of stock. Dilution model just got tighter. Hedge models just got more complicated. Cash is doing more than paying a bill. Cash is https://t.co/Yu6IuCwjKH
@TakeitasaCompliment
If you think the earnings are stellar I don't know what to tell you. Earnings are basically only there because of eBay gains and not because of actual sales and we also have a 20% decline for revenue on top of it. Nothing to be happy about. But doesn't matter right? Everything is peachy as always and gme stock does nothing.