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The UK competition regulator on ‌Monday launched a ‌probe into eBay's $1.2 billion purchase ​of Gen Z-focused fashion resale platform Depop from Etsy. The deal was ‌announced ⁠earlier this year and is expected to ⁠help Etsy double down on its ​core handmade ​and ​vintage goods marketplace ‌in pursuit of a turnaround. The firm has been grappling with softer demand and strong competition ‌from online ​e-commerce platforms ​such ​as Amazon.

Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.

Net income climbed to $389.6m from $44.8m, boosted in part by an unrealised gain on derivative asset of $268.4m, reflecting put and call option transactions linked to eBay common stock.

GameStop may not have successfully courted eBay but the retailer reported its biggest quarter on record. GameStop on Tuesday reported net income of $389.6 million, with operating income up to $143.3 million. The company said that’s the highest quarterly net income on record and its highest operating income in a first-quarter.

GameStop ‌on ‌Tuesday reported a ​14% rise in quarterly ‌revenue ⁠and said its ⁠board has ​approved ​a ​new $2 billion ‌share repurchase program. Shares of the ‌company ​jumped ​9% ​in ‌extended trading.

Chip-design software company added Jesse Cohn to its board of directors as part of an agreement with activist investor Elliott Investment Management.

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." In early May, Cohen offered eBay's board $125 a share as well as his services as CEO. Half the offer was in cash and half in stock, with the cash portion ‌coming from GameStop's $9.4 billion in cash reserves.

GameStop asked its shareholders to approve an increase in its share count. The video game retailer made the request in a Friday letter to shareholders, in which the company's board also proposed giving its chief executive, Ryan Cohen, a 100% performance-based option award. "A reserve of authorized shares ensures GameStop can act decisively when the right opportunity arises," the company said in the letter.

Investing.com -- GameStop has increased its stake in eBay to approximately 6.6% from around 5%, according to a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday.

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 previously owned around a 5% stake in eBay and ‌some analysts said ⁠its CEO Ryan Cohen could eventually push for a ⁠special shareholder meeting or seek board representation more supportive of his ​proposal. In an ​interview with journalist ​Piers Morgan last ‌week, Cohen had said eBay's board had a responsibility to engage with his offer in the best interests of shareholders, adding that "we'll do ‌whatever we need to ​do" if it failed ​to ​do so.

GameStop said in a filing last night that it now controls the equivalent of 6.55% of the company’s outstanding shares, up from around 5%, as it keeps trying to take over the e-commerce business. Shares in both GameStop and eBay are little changed in premarket trading.

Disgruntled millennial Ryan Cohen has had an interesting week.

GameStop CEO Ryan Cohen told eBay's board on Wednesday that they should not reject his $56 billion takeover proposal and the e-commerce company's shareholders deserve a chance to evaluate it. Cohen reacted ‌one day after eBay rejected his unsolicited offer to buy the company, calling the proposal "neither credible nor attractive." In a letter ‌to eBay's chairman and separate online interview with journalist Piers Morgan, Cohen, a billionaire investor, signaled his intention to keep going and hinted at possible next steps to try ​and win his prize.

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. Cohen wrote to the ​chairman of ​eBay ​that he requested ‌a meeting with the company's board but that the board declined, according to the ‌letter which ​was seen ​by ​Reuters. Cohen sent ‌his letter one day ​after ​eBay on Tuesday rejected his stock ​and ‌cash offer.

GameStop CEO Ryan Cohen isn’t giving up on his quest to buy eBay, even after his unsolicited $56 billion takeover proposal was rejected earlier this week. EBay “needs to be on Ozempic–it’s literally obese,” Cohen said in an interview with crypto influencer Anthony Pompliano that was published online Wednesday. Cohen went on to explain why he wants to own eBay, including big cost-cutting opportunities he says he is eyeing.

When eBay roundly rejected a takeover approach from GameStop on Tuesday, one reason was its suitor’s governance. True, it was the sixth reason...

Semis took a breather, and so did stocks. A reversal for the semiconductor sector brought the market to a standstill. The S&P 500 fell 0.2%, and the Nasdaq composite dropped 0.7%. The Dow Jones Industrial Average added just 56 points, or 0.

What Happened in Markets Today Semis took a breather, and so did stocks. A reversal for the semiconductor sector brought the market to a standstill. The S&P 500 fell 0.2%, and the Nasdaq composite dropped 0.

US equity indexes dropped in Tuesday's midday trading as a hotter-than-anticipated inflation print a

All three major US stock indexes were down in late-morning trading after April inflation data came i

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5% and the actively tr

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.” Ryan Cohen’s GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said at the time that its approximately 1,600 U.S. stores could become drop-off and shipping locations.

The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.

GameStop stock drops after eBay rejects the retailer's takeover bid.

GameStop stock drops after eBay rejects the retailer's takeover bid.

The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.

EBay’s board rejected GameStop’s unsolicited $56 billion takeover proposal. “We have concluded that your proposal is neither credible nor attractive,” eBay’s board wrote in a letter to GameStop CEO Ryan Cohen released today.

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 growth. EBay ‌stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell 1% to $107 before the bell, while ​GameStop was down 4%.

RealReal (NASDAQ:REAL) reported first-quarter 2026 results that exceeded its expectations, with management pointing to stronger buyer engagement, higher-value transactions and improving operating efficiency across the luxury resale platform. Chief Executive Officer and President Rati Levesque said

Trade court overrules 10% global tariffs, three AI companies are listing next week, GameStop’s short interest could be about to spike, and more news to start your day.