
"There's 11,500 employees. It doesn't make sense. I could run that business from my house. It's eBay, it looks the same as it did in 1995. It doesn't need 11,500 employees."
$GME's @ryancohen makes his case for why he's the best person to buy eBay:
"You look at eBay spending $2.5 billion to grow 1 million users. $2 billion in cost cuts between sales and marketing and corporate overhead — it's not a lot. And it's not something that's going to take a few years. It's something that is going to happen fast, fast, fast. Because I'm putting leverage on this thing, and I don't want to run a leveraged business."
"I'm not going to run it hot. I'm going to pay down the leverage. And I'm going to increase earnings."
"They're spending $5.5 billion on operating expenses. On an $11 billion business that has no inventory and is asset light."
Ryan's full response:
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