This video brilliantly uses satire to expose the mathematical absurdity of corporate posturing, turning a ridiculous proposal into a sharp lesson in financial literacy. It proves that basic arithmetic is often the most effective tool for debunking high-level corporate delusions.
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Can you watch the GameStop CEO video on CNBC? You can link me. Maybe I'll watch it. GameStop CEO. Let's see. Let's see.
This is Peak. Far be for me to ignore Peak.
>> The audience, and I know a lot of people are going to ask, how does the math math given the price tag, $56 billion, given the market cap of GameStop, uh, which is a fraction of that? I I know you have this $20 billion financing letter for from TD, but sort of walk us through how how you could get to that price and how it would work. It's on our website. It's half uh cash, half stock. Uh but but the details are are on our website.
>> C can you help I I I've read them, but can you help our audience understand them?
>> Yeah. What what which part exactly?
>> Well, I think we could start with the idea that the market cap of of GameStop is call it 11 billion. uh you have $9 billion uh on your balance sheet arguably if you're if you're providing uh effectively all of your stock and then and then the cash that gets you to 20. You have this letter from TD. That's another 20. Uh we're now at 40. Uh but we're still off uh by call it uh 16. And and the 20, as far as I understand, while it's considered a highly confident letter, meaning TD saying they're highly confident uh that they would provide the financing, it's not locked financing.
>> Yeah. We'll see what happens.
Um, I I hear you. I understand that. I'm I'm just trying to understand where the the rest of the money would come from.
>> Wait, this clip is so peak.
>> It's half cash, half stock.
>> Dude, YOU DON'T HAVE THE CASH.
>> I I I'm I hear you. I'm just saying that that math doesn't get you to the to the price that you're offering. So, >> that's a pretty straightforward question. I don't get it. like where's the rest of the money coming from?
>> I I don't understand your question.
We're offering half cash, half stock, and we have the ability to issue stock in order to get the deal done. But the full details of of the offer on our are on our website.
>> YOU KNOW WHAT'S is there's some guy on Reddit watching this clip right now going, "Holy he's a genius."
These idiots in the lamestream media can't even see what he's They're so far behind. He's so based. Look at his leather jacket. And they're just dumping their money into GameStop right now. Jesus Christ, bro. It's a failing games retailer. Most of you that are pumping it don't even shop there. And you think that them taking on at best if they magically pulled a rabbit out of their hat, taking on three times the value of the entire company in debt in a highinterest debt to buy eBay is going to turn things around. It's the stupidest thing I've ever heard. Yeah, Pokemon cards. It's so crazy because they couldn't even follow this clip, let alone what I'm saying. They're just think, "Oh yeah, Pokemon cards are kind of hot right now. This is a great idea."
and they dump their hard-earned money into GameStop into this guy's pocket, this grifter. It's so frustrating, but I'm kind of beyond it.
Like I said, I used to be really worked up about trying to like, if you keep falling for this, nothing can save you.
We are in an era where you're not going to make it. I don't know how to tell you. There's too many scams per minute in the 2020s for you to survive. If you listen to this and you go, "Damn, this guy's cooking." I can't cover them all.
Wait, wait, wait. You got a Wait, wait, wait. We got an example from R. Super Stok. The Bad Faith interview was an incredible display of poison intellect by Ryan Cohen. That interview was a hit job. RC didn't fall for it and instead pushed back asking if they'd read it, putting them on the defensive by calling it to question their professionalism. Great job, RC. That was my read on it, too. Kind of mindblowing to me how anyone would think otherwise.
From Money Grabber 007. your mind blown.
Now, anyone could think otherwise, but the possibility that this guy is grifting, that he doesn't have an answer for a simple math question cuz he's trying to hype up his stock, that there's no realistic way they can get to the amount of money they need to buy eBay. And by the way, if they did, if somehow some banks were willing to loan them on this terrible idea, it would still be horrible because now they're taking on 30 billion plus in debt for a $10 billion company to buy eBay. Why did he even go on CNBC? He looks so pissed to be there to mog them to Oraform. How did GameStop stock do today?
take 10%. Damn. take 10% in a day. me. Is GameStop worse than Carvana? No, I don't think so. I don't think GameStop as a business is fraudulent. GameStop is a failing games retailer that has somehow found a way to stack billions of dollars of cash from idiots. Idiots give them money every time they print new issues of stock and they have just built a huge cash pile.
But that's not a scam. They haven't like done anything illegal. I think Carvana is an illegal company. I think Carvana is breaking the law. I think if Carvana's books were public, they would all go to jail.
The buying eBay thing feels illegal.
It's not illegal. It's just it's stupid.
They just don't have the money. So, the only way they're going to get the money is with a huge gargantuan amount of debt. And it was going to be high interest debt cuz it's risky. The banks aren't going to give them like a sweetheart deal. So, eBay makes 2 billion in profit. It's worth as a whole the company billion profit a year. The company's worth 48 billion. GameStop, I don't know how much they make. Uh, it doesn't matter. It actually doesn't matter. They make some amount of money and they're worth they say 11.
GameStop's worth 11 billion. So, if GameStop wants to buy this company, they have to get $48 billion. They can't even pledge all of their stock. So, they don't even have 11. They have some amount of new shares they can issue. So, let's say they borrow, I'm just going to say they borrow $40 billion. And then they put some stock up, some part of their ownership, and they buy this company. So, now eBay is owned by GameStop and it still makes 2 billion a year, but now there is a $40 billion debt overhang with massive yearly interest payments. I don't know the math on what that would be, but it's like a billion a year. I mean, it's like the amount they have to pay in interest is gargantuan. So now it's 2 billion minus interest payments. So let's say it's minus a bill. So now they've spent all this money to acquire eBay, so it makes less profit. The only way this works is if GameStop has some brilliant idea to make eBay better. They have some way of making eBay more profitable or bigger.
But they don't cuz they can't even make their own work. So that's why it's just a dumb It's just dumb. It's like a big headline grabbing idea, but it doesn't make any sense. eBay is fine on its own. eBay is going to take this deal because if someone offers you a $40 billion in cash, you take it. It's their problem now. It's the bank's problem and their problem. It's half cash, half shares. I know that's what he said, but it's not possible. It's not possible to buy a $ 48 billion company with half cash, half shares, cuz that would mean 24 billion comes from shares in an 11 billion company. There's no way to make THAT WORK. IT'S NOT POSSIBLE.
You can't half cash, half shares.
Read the website. Uh, not with that attitude. Make it eBay as an egirlfriend kind of thing. Holy 10 billion company.
eBay rebrand into eBay and you can find a Valerant duo. EBAI.
Yeah, that could also work. Honestly, if they acquired eBay and turned eBay into a data center company, maybe the whole thing works. Maybe it's somehow it's a data center company that buys Nvidia chips and rents server space to Anthropic and somehow that just they get involved in the circle jerk. I just hope this eBay thing brings back Roaring Kitty. Bro, we need one more time of that cod out 100 millionaire looking like someone's got a gun off camera to do another stream where he's like, I like the stock. Bye bye bye.
I'm in it for the long haul. As he opens his tab of shortterm oneweek call options.
That's my favorite part. Listen, I'm like a I'm a longterm you see the pawn star guy went to the White House. I did see this. So, right after I talk about how pawn shops doing well is a recession indicator, we're seeing like a huge surge in pawning and it's like clearly a bad thing. If pawn shops doing well, even just think about it's clearly a bad thing. Trump has the pawn stars guy come out and say how great the economy is because pawn shops are doing well.
>> I just want to say he's amazing. He's done so much. I mean, so much for all of us. I mean, the backbone of this country is small business, plain and simple. And uh the last >> there's a difference between small business and pawn shop. Pawn shop is a specific type of small business. It's like it's like if it's like if a drug dealer was up there. I'm just so glad my small business is doing so well. Ever.
It's like if your small business is specifically that it's a problem.
>> Guy in office all he you know all we heard was is that we were the evil people, we were the bad people.
Everything else like that we don't pay our fair share. Whatever that's supposed to be. Um, and he made it tough. And this guy, the big beautiful bill, absolutely amazing. You know what I mean? God bless you for letting me letting me get 100% appreciation. It really helps out. Um, and uh, all I can say is this is literally I mean, I'm a history buff and I know a lot about this White House thing and everything.
Literally, he's going to go down as maybe the best president ever. I love it.
>> Do you have an expert you could call?
you have a friend or an expert. This may not be your area of expertise. Is there somebody you could call to get a different a second opinion? The the irony just having a guy, a celebrity pawn shop guy get up there and say, "Hey, thanks for letting me get a 100% bonus depreciation off my taxes, and pawn shops are thriving. This is great.
The last guys thought we were evil."
You're going to go out history as the greatest president of all time. Sorry, Lincoln and Washington. We have the guy that allowed me to take more off taxes for hawking people's valuables.
I'm a bit of a history buff.
That's such a funny I'm a history buff.
Believe me, I know my So, let me tell you, I am 100% well researched when I say that Donald Trump, you are going to be the greatest president of all history. Yeah. I mean, we're we're in we're in the endgame, bro. We're in the good times.
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