Ryan Cohen

Money Moves

Made unsolicited $56 billion bid for eBay in May 2026; rejected

eBay confirmed in a securities filing on October 22 that it will cut about 9% of its workforce, roughly 1,000 jobs. The company expects $130 million to $150 million in severance and related charges, mostly booked in the fourth quarter, with the cuts largely finished by the end of March 2027.

Updated Nov 1

Money Moves

As of August 2026: Directing GameStop's capital-structure strategy

GameStop is wiping about $1.4 billion of debt off its books without spending a dollar. Instead of cash, it hands bondholders new shares, so today's shareholders own a smaller slice of the company.

Updated Aug 3

Money Moves

As of May 2026: Pursuing hostile bid for eBay

On May 3, Ryan Cohen sent eBay's board a $56 billion offer to buy the company. On May 12, the board sent it back. The directors called the bid 'neither credible nor attractive' and pointed to the debt the combined company would have to carry.

Updated May 12