• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 15, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 16, 2026

1

Current price of oil as of June 15, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 16, 2026
C-SuiteGameStop

eBay bans GameStop CEO’s account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace

Marco Quiroz-Gutierrez
By
Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
Reporter
Down Arrow Button Icon
Marco Quiroz-Gutierrez
By
Marco Quiroz-Gutierrez
Marco Quiroz-Gutierrez
Reporter
Down Arrow Button Icon
May 7, 2026, 2:58 PM ET
GameStop made an unsolicited offer to buy eBay for $56 billion earlier this week.
GameStop made an unsolicited offer to buy eBay for $56 billion earlier this week.Nikolas Kokovlis—NurPhoto via Getty Images
Add Fortune on Google for similar content.

Apparently every dollar counts in GameStop’s $56 billion effort to acquire eBay. 

Recommended Video

GameStop’s 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’s market cap is only about $11 billion.

On Wednesday, Cohen said in a post on X he had come up with a creative way to fill the gap: “I’m selling stuff on eBay to pay for eBay.” 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.

Yet, less than 10 hours after Cohen’s initial X post, his account, ryan_5050 was suspended, according to a screenshot he posted on X.

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 “GameStop carpet.” 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 buyer would get a signed copy of the offer letter he sent to eBay’s board and free shipping, Bloomberg reported. 

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’s limit for posting items totaling more than $50,000 in a month.

Just before midnight, he posted a follow up screenshot that said his account had been “permanently suspended because of activity that we believe was putting the eBay community at risk.” 

“On phone with customer support @eBay. please respond @eBay,” he wrote in a follow-up post.

As of Thursday, Cohen’s account still appeared on eBay, though it’s unclear if he still has access to it.

When reached for comment, a spokesperson for GameStop directed Fortune to Cohen’s post on X saying it “speaks for itself.” The spokesperson didn’t immediately respond when asked to confirm whether Cohen’s account had been suspended. A spokesperson for eBay did not immediately return Fortune’s request for comment.

I have been suspended from eBay pic.twitter.com/0vadYCQ6KE

— Ryan Cohen (@ryancohen) May 7, 2026

GameStop’s unsolicited bid to acquire eBay surprised investors, including Michael Burry, of “The Big Short” fame, who said earlier this week he was selling all his shares in the company, saying, “Never confuse debt for creativity.” Burry said in a Monday Substack post he was concerned about how the deal would skyrocketing the company’s debt.

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’s 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 “Meme King” after retail traders sent the video game retailer’s shares soaring more than 1,700% in just weeks.

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’s market cap has increased to nearly $11 billion from $1.3 billion in 2021. 

As for the eBay acquisition, Cohen said in an interview with CNBC this week that the conversations are “just starting.” The company is meeting this week to review the offer, Semafor reported.

“This is a business that is under-earning and can make a lot more money. And GameStop is a good blueprint for that,” Cohen said of the potential acquisition on CNBC.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Marco Quiroz-Gutierrez
By Marco Quiroz-GutierrezReporter
LinkedIn iconTwitter icon

Role: Reporter
Marco Quiroz-Gutierrez is a reporter for Fortune covering general business news.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in C-Suite

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in C-Suite

Citi, Ford, and Experian share their strategies for scaling AI agents
C-SuiteBrainstorm Tech
Citi, Ford, and Experian share their strategies for scaling AI agents
By Alexei OreskovicJune 16, 2026
5 hours ago
Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas
BankingAsia Agenda
Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas
By Angelica AngJune 16, 2026
7 hours ago
Robinhood CEO Vladimir Tenev smiles during the ringing of the Opening Bell at the New York Stock Exchange last March.
CryptoCryptocurrency
Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization
By Camila Grigera NaónJune 16, 2026
11 hours ago
Young worker dreams while working
SuccessCareers
Michaels CEO tells young workers to stop daydreaming of success and ‘get moving, take some action, take some risk’
By Emma BurleighJune 16, 2026
12 hours ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AITech
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
14 hours ago
tt
RetailRetail
Target turnaround adds Isaac Mizrahi as creative director at large
By Anne D'Innocenzio and The Associated PressJune 16, 2026
14 hours ago

Most Popular

Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
15 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
1 day ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.