GameStop CEO Ryan Cohen’s $56B Plan to Take Over eBay
In this interview, Ryan Cohen, CEO of GameStop, details his entrepreneurial journey from founding Chewy to his activist investment and turnaround of GameStop. He outlines his strategic vision and $56 billion bid to acquire eBay, explaining why he believes its current management has failed and how his three-pronged plan will unlock significant value. Cohen also discusses the media's negative perception of GameStop and activist investors, contrasting it with the perceived protection of entrenched corporate management.
- eBay's post-founder management presided over steep declines in core metrics like GMV and active users, which fell by 30 million. Operating earnings also dropped, while operating expenses climbed to over half of the company's revenue. Read →
- Chewy built a multi-billion dollar business by directly challenging Amazon's operational excellence while cultivating intense customer loyalty through passionate pet owners. Read →
- Ryan Cohen wants to build "big things," declaring "life is too short to do it small," drawing on his experience scaling Chewy. He's not interested in moderate growth. Read →
- GameStop CEO Ryan Cohen admits misapplying the Chewy playbook. Learn his pivot to 'maniacal cost cutting,' pre-owned focus, and $350M collectibles boom. Read →