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Retail investors talked up five hot stocks this week (June 1 to June 5) on X and Reddit's r/WallStreetBets, driven by retail hype, earnings, AI infrastructure momentum, and corporate/geopolitical news flow.
GameStop enjoyed a marked step-up in profitability in the first quarter. The company's board of directors wants to return $2 billion to shareholders.
GameStop (GME) shares rose on Wednesday after the video game retailer reported record quarterly earnings and unveiled a new $2 billion share repurchase program, even as its recent bid to acquire eBay failed to gain traction. The company's stock climbed 6.12% to $22.21on Wednesday after it posted what it described as the highest quarterly net income in its history and the strongest first-quarter operating profit on record.
Shares of GameStop (NYSE:GME | GME Price Prediction) are up 9% to $22.79 on Wednesday morning, snapping back from a brutal stretch after the video game retailer posted its highest quarterly net income on record and approved a fresh $2 billion buyback.
Stock futures are sluggish after yesterday's record rally while unpack jobs data and Iran developments
GameStop Corporation (NYSE:GME) shares are trading higher Wednesday after the company announced better-than-expected first-quarter financial results on Tuesday after the market closed. The company also approved a $2 billion repurchase authorization.
The videogame retailer also said that collectibles helped drive a 14% sales gain in the first quarter.
The videogame retailer reported a first-quarter profit of $389.6 million, up from $44.8 million a year earlier.
GameStop Corp. (NYSE:GME) posted its first-quarter results after Tuesday's closing bell, beating estimates and highlighting record quarterly net income.
GameStop on Tuesday reported a 14% rise in quarterly revenue and said its board has approved a new $2 billion share repurchase program.
GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the first quarter ended May 2, 2026. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. FIRST QUARTER HIGHLIGHTS Highest quarterly net income in GameStop's history of $389.6 million. Highest first quarter operating income in GameStop's history of $143.3 million. Net sales grew 14% year-over-year, driven by co.
Citron Research founder Andrew Left was convicted of securities fraud after a jury found he misled investors on trades.
GameStop Corp. (GME, Financials) is not backing away from eBay.The company raised its stake in eBay to 7.8% from 6.6%, even after eBay's board rejected its buyo
GameStop (GME, Financials) has grabbed Wall Street's attention with its unexpected pursuit of eBay, but many investors are still trying to figure out how Ryan C
GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive."
One company powers global digital engagement, while the other leans on profitability and liquidity. Explore how their fundamentals stack up for investors.
GameStop Corp (NYSE:GME) is requesting the approval of its shareholders to significantly increase its authorized share capital to as many as 2.5 billion shares, up from about 450 million, according to a Securities and Exchange Commission filing released Thursday. The company said the proposal is intended to enhance financial flexibility for potential strategic transactions, including a possible acquisition of eBay, as well as other capital-raising or corporate initiatives that may arise in the future.
eBay may have shot down GameStop's $56 billion buyout offer this month, but the videogame retailer continues to show interest in the online auction platform.
GameStop has increased its stake in eBay to about 6.55%, the videogame retailer disclosed in a filing on Tuesday, days after the e-commerce company rejected its $56 billion takeover bid.
GameStop is a lousy business, which CEO Cohen readily admits, but somehow he has made it work.
Wall Street's chat rooms can't stop talking about GameStop (NYSE:GME | GME Price Prediction) after Ryan Cohen's $56 billion offer for eBay (NASDAQ:EBAY) sent the meme crowd into another frenzy.
GameStop CEO Ryan Cohen on Wednesday told eBay's board that the company should not reject his $56 billion takeover proposal and that the company's shareholders deserve a chance to evaluate it.
GameStop Corp. (NYSE:GME) CEO Ryan Cohen is making his clearest case yet for why he wants eBay Inc. (NASDAQ:EBAY), framing the proposed deal as a chance to transform one of the largest e-commerce platforms in the U.S. under an owner-operator model.
Felix Salmon called Ryan Cohen's bid for eBay largely posturing dressed up as M&A.
Deal or no deal, GameStop's recent bid to buy eBay is good news for the e-commerce company's stock.
GameStop (GME) shares fell about 2% on Tuesday after eBay (EBAY) turned down the video game retailer's unsolicited $56 billion takeover proposal.In a letter to
eBay Inc. (NASDAQ:EBAY) has formally shut the door on GameStop Corp.‘s (NYSE:GME) bold $56 billion takeover attempt. On May 12, the GameStop eBay acquisition attempt came to a decisive end.
eBay Inc. (EBAY) fell 0.63% and GameStop Corp. (GME) fell 1.42% intraday after eBay formally rejected GameStop's $55.5 billion takeover bid, dismissing it as "n
In a letter from eBay Chairman Paul Pressler, eBay's board said that it had completed its review of GameStop's offer and believes that eBay is a “strong, resilient business.”
The e-commerce company had permanently banned Cohen's eBay account, which included GameStock merch and other items listed for as much as $14,000.
If GameStop really wants to buy eBay, it's not going to be easy.
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GameStop's shares fell 4.14% in premarket trading early on Tuesday. The drop started overnight after a volatile trading day where the stock jumped more than 13% after popular memestock influencer Keith Gill also known as “Roaring Kitty” made a series of cryptic posts on X.
GameStop (GME) shares showed another burst of meme-stock volatility after cryptic social media posts appeared and then disappeared from the account of Keith Gil
Early May proved a turbulent period for GameStop (NYSE: GME) as CEO Ryan Cohen unveiled an unsolicited bid to acquire eBay (NASDAQ: EBAY) for approximately $46 billion.
Online marketplace eBay has rebuffed GameStop's $56 billion acquisition offer, calling the proposal “neither credible nor attractive.” The company announced Tuesday (May 12) that its board had reviewed the surprise takeover bid and decided to reject it.
Stock futures are lower ahead of the release of a key inflation report, while oil prices rise amid a lack of progress in talks to end the Iran war; the Consumer Price Index for April is expected to show the highest inflation reading in three years as the war has sent gas prices soaring; eBay has rejected the $55.5 billion takeover offer announced by GameStop last week, calling the proposal "neither credible nor attractive;" shares of Hims & Hers Health are sinking after the telehealth firm reported a surprise net loss for the first quarter; and GitLab shares are tumbling after the software development platform announced layoffs to free up capital to invest in AI projects. Here's what you need to know today.
eBay has rejected an unsolicited $56 billion takeover proposal from GameStop (GME), dealing a major setback to GameStop Chief Executive Officer Ryan Cohen and raising fresh doubts about the feasibility of one of the most ambitious deals attempted by a meme-stock-era company. The e-commerce company said its board had unanimously rejected the proposal, citing concerns over financing uncertainty and operational risks associated with combining the two businesses.
EBay's board rejected GameStop's $56 billion takeover bid, calling the unsolicited offer "neither credible nor attractive." GameStop CEO Ryan Cohen made an audacious bid for the online marketplace last week.
CNBC's Andrew Ross Sorkin reports on the latest news.
eBay stock was slightly lower after its board rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen.
EBay Inc (NASDAQ:EBAY, XETRA:EBA) has rejected a $56 billion takeover approach from GameStop Corp (NYSE:GME), dismissing the proposal as lacking credibility and raising concerns over financing, governance and the risks of combining the two businesses. Shares in eBay fell 0.9% in pre-market trading, while GameStop stock was trading 4.2% lower.
eBay says the $56 buyout deal is “neither credible nor attractive” and cheers its standalone prospects.
EBay has rejected a takeover bid from GameStop, describing the much smaller retail company's proposal as “neither credible nor attractive”.
GameStop CEO Ryan Cohen's bold offer for the e-commerce platform fizzled.
The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
eBay has rejected Ryan Cohen's $55.5 billion takeover offer. The GameStop CEO made an unsolicited offer earlier this month.
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted its growth.
SAN JOSE, Calif., May 12, 2026 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that, following a thorough review with the support of its financial and legal advisors, the company's Board of Directors has determined to reject GameStop's unsolicited, non-binding acquisition proposal.
On May 11, 2026, GameStop Corp (GME) shares fell 4.6% to $23.17, continuing the trend of volatility as the stock has experienced a 52-week range between $19.93
It looked for a moment that Roaring Kitty was back in the meme-stock spotlight after sharing new cryptic posts that had traders scrambling on Monday afternoon.
Michael Burry explained on his Substack why he sold out of GameStop this week. The "Big Short" investor was hoping CEO Ryan Cohen would strike a less debt-heavy and dilutive deal.
GameStop CEO Ryan Cohen claims that eBay suspended his account. Cohen listed some of his personal items on eBay in a publicity stunt after submitting an unsolicited bid to acquire the company.
The GameStop chief, who proposed acquiring eBay for $55.5 billion Monday, was selling GameStop-related merchandise through his account.
Earlier this week, GameStop made a bold offer to buy eBay for $56 billion. The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities.
Early May has been busy and turbulent for the online marketplace eBay (NASDAQ: EBAY) and the video game retailer GameStop (NYSE: GME), as the latter launched an unsolicited bid to acquire the former.
SpaceX IPO said to hand Elon Musk unchecked power; investor group urges SEC scrutiny. GameStop CEO Ryan Cohen says eBay suspended his account.
GameStop buying eBay makes some strategic sense, given its ties to the collectibles market. However, the deal would essentially just create a highly leveraged eBay with some physical stores.
Ryan Cohen shocked the investment world by announcing his intent for GameStop Corp (NYSE:GME) to buy eBay Inc (NASDAQ:EBAY) in a $55 billion deal.
