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Meta Launches Seller App For Facebook Marketplace. EBay Stock Falls.
Investor's Business Daily18d agobearish
Meta Launches Seller App For Facebook Marketplace. EBay Stock Falls.

Meta Platforms is launching a dedicated app for sellers on Facebook Marketplace. Meta stock was a fraction lower early Friday while the news appeared to weigh on eBay shares. The new app will be called Seller, according to an announcement from Meta on Friday morning.

Investing.com18d agoneutral
Intel, Amkor on AI optimism; eBay slips

Investing.com - U.S. stock futures edged higher on Friday, recovering after a broad selloff in the previous session as investors weighed persistent geopolitical tensions in the Middle East against another wave of upbeat corporate earnings and artificial intelligence-related announcements.

Investing.com18d agobearish
Meta’s new seller app hits eBay where it hurts most

Shares of eBay (NASDAQ:EBAY) fell 3.7% Friday morning as investors reacted to Meta’s launch of a dedicated Seller app for Facebook Marketplace. While Meta’s product rollout was public, the stock decline underscores growing concern on Wall Street that Meta is making a direct play for eBay’s core seller base. Historically viewed as an informal, local yard-sale platform, Facebook Marketplace’s standalone "Seller" app introduces tools specifically engineered to siphon professional, high-margin power

How PayPal went from Wall Street favorite to unwilling merger target
Reuters22d agoneutral
How PayPal went from Wall Street favorite to unwilling merger target

Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. The company synonymous with digital payments this past week got a $53 billion ‌offer to be taken private by upstart rival Stripe and buyout shop Advent International.

GameStop owns nearly 10% of eBay, SEC filing shows
Reuters25d agoneutral
GameStop owns nearly 10% of eBay, SEC filing shows

Videogame retailer GameStop owns nearly 10% ‌of e-commerce company eBay, the ‌company said in a regulatory filing ​late on Friday, nearly three months after making an unsolicited offer to buy eBay ‌for roughly $56 ⁠billion. GameStop said it owns 43.4 million outstanding shares ⁠of eBay, or 9.8%, marking a dramatic increase in ownership ​from early ​May ​when GameStop CEO ‌Ryan Cohen told eBay's board chairman "we have accumulated a 5% economic stake" through derivatives and beneficial ownership. GameStop bought 3.5 million ‌eBay shares for ​roughly $381 million last ​month ​and said it settled ‌39 million eBay ​shares from ​put/call pairs on Friday.

Bloomberg26d agoneutral
GameStop CEO Ryan Cohen Is ‘Coming for eBay One Way or Another’

(Bloomberg) -- GameStop Corp. Chief Executive Officer Ryan Cohen declined to say if he planned to raise his $56 billion offer for online auctioneer eBay Inc., but said “we’re coming for eBay one way or another.”Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companio

PayPal Stock Heads for Best Day Ever on Takeover Offer Report
The Wall Street Journal27d agoneutral
PayPal Stock Heads for Best Day Ever on Takeover Offer Report

PayPal shares are up 19% in premarket trading after Reuters reported that payments processor Stripe and private-equity firm Advent offered to buy it for $60.50 a share, in a deal that would value at it more than $53 billion. If the gains hold, PayPal shares are on track to open above $56. PayPal shares have languished in the past few years as the company has struggled to compete in the payments-technology space.

Bloomberg42d agobullish
Global M&A Tops $2.5 Trillion After First-Half Deals Surge

(Bloomberg) -- The year was tipped to be a potential blockbuster in deals and the first half delivered, setting a pace that is likely to continue in the closing months of 2026.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanFrom wel

Ryan Cohen passes on GameStop payday to keep pushing one acquisition
TheStreet45d agoneutral
Ryan Cohen passes on GameStop payday to keep pushing one acquisition

GameStop (GME) tried to buy eBay once already, and the answer was no. That rejection would have ended most takeover attempts. Cohen is not backing down. Instead, GameStop spent the following weeks building a bigger position and a stronger balance sheet, the opposite of what a retreat looks like. In ...

Ryan Cohen-led GameStop pledges to pursue its takeover offer for eBay
Reuters46d agoneutral
Ryan Cohen-led GameStop pledges to pursue its takeover offer for eBay

GameStop pledged on Friday to pursue its proposed ‌takeover of eBay, even after ‌the e-commerce firm rejected an unsolicited cash-and-stock offer ​of about $56 billion from the videogame retailer. GameStop CEO Ryan Cohen had surprised Wall Street with the offer to ‌buy eBay ⁠in May to turn it into a bigger competitor to ⁠Amazon. GameStop also expects to generate adjusted earnings before interest, taxes, depreciation ​and amortization ​of more than $600 ​million in fiscal ‌2026, compared with $345.4 million reported in fiscal 2025, it said in a regulatory filing.

GameStop CEO Cohen spurns $35 billion pay plan to focus on eBay deal
Reuters49d agobullish
GameStop CEO Cohen spurns $35 billion pay plan to focus on eBay deal

Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from ‌the videogame retailer and plans to unveil more details ‌about his bid to takeover eBay soon, the company said on Tuesday. GameStop unveiled ​a compensation package worth roughly $35 billion for Cohen in January, hinging on a turnaround that requires him to lift the struggling company's market value more than tenfold and sharply boost its profit. EBay ‌rejected a $56 billion takeover ⁠bid from the much smaller GameStop in May, citing financing doubts and calling the proposal "neither credible ⁠nor attractive."

Sequoia’s Botha Joins SpaceX Board
The Wall Street Journal55d agoneutral
Sequoia’s Botha Joins SpaceX Board

Sequoia Capital’s Roelof Botha, who previously served as the firm’s top leader, has joined SpaceX as a director on its board. Botha will serve as an independent director, expanding the new public company’s board to nine people including Chief Executive Elon Musk and President Gwynne Shotwell.

Reuters57d agobullish
Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push

Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, ‌as the Canadian fintech aims to expand globally. Nuvei will buy ‌all shares of Payoneer for $7.40 apiece, a premium of about 44% to their last ​close on June 8. Payoneer has a market capitalization of about $2.26 billion, according to data compiled by LSEG.

Morgan Stanley sends clear message on eBay, Etsy
TheStreet60d agoneutral
Morgan Stanley sends clear message on eBay, Etsy

Wall Street is taking a fresh look at eBay and Etsy, and the conclusions may surprise investors who have written off both companies. In a research note shared with me, Morgan Stanley analysts Nathan Feather and Brian Nowak argue that the market is underestimating how well-positioned both platforms ...