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Plus: Spirit's rivals pick up the pieces.
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Tuesday, May 5, 2026
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GameStop tests eBay with a $56 billion bid. Will it happen?
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GameStop CEO Ryan Cohen is so serious about buying eBay that he is prepared to pursue a hostile takeover of the e-commerce giant if it rejects his company's
$55.5 billion proposal.
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GameStop offered to buy each of eBay's outstanding shares for $125 in cash and stock after building a 5% stake that could enable Cohen to pursue a proxy fight and take the bid directly to shareholders if the board declines to engage.
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The deal as currently structured would draw on GameStop's roughly $9.4 billion cash reserve, held as of Jan. 31, and up to $20 billion in debt. GameStop, which is worth nearly four times less than eBay, could come up with the rest of the
funds by diluting shareholders or tapping outside investors, according to The Wall Street Journal.
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GameStop's roughly 1,600 domestic stores were also cited as a ready-made infrastructure asset that eBay could leverage for item authentication, seller intake, order fulfillment, and live commerce. Cohen told The Wall Street Journal that eBay "could be a legit competitor to Amazon" and that he is "thinking about turning eBay into something worth hundreds of billions of dollars."
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Today's Poll
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Should
GameStop take over eBay?
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Yes. Collectible sales will skyrocket
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<!--[if mso]><a
href="https://www.ne16.com/t/10695820/222404108/9712228/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wNQ&x=bd4291bb" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">Yes. Collectible sales will
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No. Shareholders will lose tons of value
</a>
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<!--[if mso]><a href="https://www.ne16.com/t/10695820/222404108/9712229/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wNQ&x=004665d9" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No.
Shareholders will lose tons of value</a><![endif]-->
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">
GameStop is a meme stock for a reason
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10695820/222404108/9712230/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0wNQ&x=14643473" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block;
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
<span style="font-family:Arial;font-size:24px">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
<td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
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<a aria-label="Bloomberg / Getty Images" style="color:#105C8E" target="_blank" title="Bloomberg / Getty Images">
<img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fapi%252Fmedia%252Ffile%252FGettyImages-2273464368.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzc5NzU0MjIuNTAxNzE4fQ:1wKCcw:mV1CGx2QMPivsu2Cfv4Em8Y54bpwH0NQOWtmPL0lvVE" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color:#105C8E">
<a data-linktext="Berkshire Hathaway misses expectations despite posting higher profit." data-linktype="Normal" style="color:#105C8E" target="_blank">
Berkshire Hathaway misses expectations despite posting higher profit.
</a>
</strong>
CEO Greg Abel's first quarterly report since taking over from Warren Buffet included $11.35 billion in
operating profit, roughly 18% above the company's year-ago figure but short of the $11.56 billion Wall Street had expected.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<a aria-label="Bloomberg /
Getty Images" style="color:#105C8E" target="_blank" title="Bloomberg / Getty Images">
<img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fapi%252Fmedia%252Ffile%252FGettyImages-2273425807.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzc5NzU0MjIuNTAxODEzMn0:1wKCcw:OMw6unY_FTaxMsfXkdLiypjp9XkZz2Q5SU-aOjFlt_k" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Palantir posts its fastest revenue growth since going public." data-linktype="Normal" style="color:#105C8E" target="_blank">
Palantir posts its fastest revenue growth since going public.
</a>
</strong>
The data
analytics company raised its full-year outlook to a range of $7.65 billion to $7.66 billion after reporting first-quarter revenue of $1.63 billion. Year-over-year growth of 85% represents its strongest sales expansion since 2020.
</div>
</td>
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<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<a aria-label="NurPhoto / Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fapi%252Fmedia%252Ffile%252FGettyImages-2261716767.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzc5NzU0MjIuNTAxOTA3M30:1wKCcw:mXOxyMi36isEoNzjPtevWj7AQodVXXB_1l27P6Pv1mI" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color:#105C8E">
<a data-linktext="Paramount slashes streaming losses ahead of WBD deal." data-linktype="Normal" style="color:#105C8E" target="_blank">
Paramount slashes streaming losses ahead of WBD deal.
</a>
</strong>
The media company's $7.35 billion in revenue and $0.23 in adjusted earnings per share topped Wall Street estimates. Streaming
generated $2.4 billion in revenue and helped flip a $4 million loss a year ago into an adjusted EBITDA of $251 million.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<a aria-label="NurPhoto / Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fapi%252Fmedia%252Ffile%252FGettyImages-2271847875.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzc5NzU0MjIuNTAyMDE1fQ:1wKCcw:Om2XNHn9i21ejhtLIud_99Fgg0IrZ-YO2VGV703XiVQ" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color:#105C8E">
<a data-linktext="Anthropic launches a $1.5 billion enterprise AI
services firm." data-linktype="Normal" style="color:#105C8E" target="_blank">
Anthropic launches a $1.5 billion enterprise AI services firm.
</a>
</strong>
Blackstone, Goldman Sachs, Hellman & Friedman, and General Atlantic are reportedly teaming up with the startup to sell AI tools to companies owned by private equity firms. Claude would become available to those businesses.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Credit: Amazon" style="color:#105C8E" target="_blank" title="Credit: Amazon">
<img alt="Credit: Amazon" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fapi%252Fmedia%252Ffile%252Fascs-plane-amazon-news-nb-050426.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzc5NzU0MjIuNTAyMTE2Mn0:1wKCcw:aEtXMexwYk4bkqMji8hSmZwzEErkcKS5KgHvF6q5WCw" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Amazon opens its logistics network to all businesses." data-linktype="Normal" style="color:#105C8E" target="_blank">
Amazon opens its logistics network to all businesses.
</a>
</strong>
The service, known as Amazon Supply Chain Services, positions the e-commerce giant as a rival to UPS and FedEx. Eligible customers can access the company's freight, distribution,
fulfillment, and parcel shipping infrastructure.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
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Recommended
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<table border="0" cellpadding="0" cellspacing="0" class="dragndrop" height="100%" style="table-layout:fixed" width="100%">
<tbody>
<tr class="trpad20" style="background-color:#E9F2F9">
<td class="mobilehide editor-cell-text td100" colspan="6" style="background-color:#E9F2F9;padding:20px;font-size:14px;line-height:1.5;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly">
<h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold">
Entrepreneurial Inspiration and its free
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<div>
Stories, insights and what's working right now from Adam Wagner - an investor and advisor to Grüns, owner of Raindrop (the agency behind Dr. Squatch) and operator of VitaWild.
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<div>
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<div>
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Subscribe To Adam Wagner's Newsletter" data-linktype="Normal" style="color:#105C8E" target="_blank">
Subscribe To Adam Wagner's Newsletter
</a>
</strong>
</div>
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<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<a data-linktext="Sign up with Acorns, and get a $20 bonus" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Sign up with Acorns, and get a $20 bonus
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<a data-linktext="Expert language tutoring from Rosetta Stone" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Expert language tutoring from Rosetta Stone
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<a data-linktext="Free AI photo enhancer from PicWish" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Free AI photo enhancer from PicWish
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<a data-linktext="Find your new favorite wine with Wine Express" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Find your new favorite wine with Wine Express
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Humanize AI writing with Quillbot
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<a aria-label="Linked image" style="color:#105C8E" target="_blank">
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Bloomberg / Getty Images
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Spirit Airlines' rivals come in with plans for new routes and flights
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Spirit Airlines' two budget rivals each tried to acquire the carrier before it shut down over the weekend. Now, JetBlue and Frontier are scrambling to pick up what is
left.
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Shortly after Spirit called off all flights and eliminated roughly 17,000 positions, JetBlue announced plans to add 11 new cities with nonstop service to Fort Lauderdale-Hollywood International Airport, Spirit's largest hub. New destinations include Baltimore, Charlotte, Nashville, Detroit, Houston, and Chicago, along with two Colombian cities — Barranquilla and Cali — starting in October. Fort Lauderdale departures this summer are projected to reach roughly 130
per day, which JetBlue described as the biggest operation it has ever run from that airport.
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Frontier, Spirit's closest competitor in the ultra-low-cost segment, said it already operates more than 100 routes previously flown by Spirit and will add nine additional routes along with 15 daily flights across 18 former Spirit markets this summer. The Denver-based carrier also announced discounts of up to 50% off base fares through November for bookings made by May 10, and
offered a $199 GoWild All-You-Can-Fly Summer Pass.
</div>
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Spirit's slice of the U.S. domestic market had eroded to 3.9%, a drop from 5.1% the year before, a decline that tracked its capacity reductions during bankruptcy.
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