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GameStop stock sank on Monday as the company announced plans for a private exchange of $1.4 billion of its debt for common stock.

The department store’s iconic sign in Herald Square was taken down. Meanwhile, the apparel retailer went public on the low end of its price range.

The platform will continue to run under its existing brand, platform and customer experience, with no immediate changes for users.

BOSTON (AP) — eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries — including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released Tuesday. The Steiners asked a federal judge in June to reopen the case, and a new settlement announced Tuesday resolves the litigation. The agreement with David and Ina Steiner, founders of EcommerceBytes, a newsletter covering the e-commerce industry, includes an additional $7 million in charitable donations, including to organizations supporting First Amendment rights.

By Nate Raymond July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and

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.

Practical Venture Capital general partner, Aman Verjee, shares a few of his thoughts on Anthropic's (ANTH.PVT) and OpenAI's (OPAI.PVT) anticipated IPOs.

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 chief executive Ryan Cohen is pressing ahead with a long-shot pursuit of eBay despite Wall Street scepticism, quietly amassing a nearly...

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.

Investing.com -- GameStop Corp. Chief Executive Officer Ryan Cohen said he will not back down from his pursuit of eBay Inc., despite the online auction company's rejection of his $56 billion takeover bid.

(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

The deal was first disclosed in February, when eBay agreed to acquire Depop from Etsy via an all-cash arrangement valued at $1.2bn.

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.

eBay will report its Q2 results soon. Here’s what analysts expect out of it…

Investors approved all proposals at the annual meeting, giving the videogame retailer greater flexibility for future strategic transactions.

The U.S. innovation engine, from the Model T to SpaceX and AI, continues to be a rocket for America's economy. But China is a growing rival.

GameStop (NYSE:GME) shares rose 1. 4% in premarket trading to $22.

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 ...

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.

The proposed CEO Performance Award was a large stock option package for Ryan Cohen that GameStop’s board approved in January 2026.

As companies move quickly to adapt artificial intelligence, there are some areas where it may do more harm than good.

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.

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 ...

The probe is the first phase of a review to see if the deal could hurt competition.

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.