Coleman retweetledi
Coleman
54 posts
Coleman retweetledi
Allow me to translate this letter from eBay for those who don’t speak legalese:
Ryan,
We got your unsolicited offer to buy eBay for $125/share (half cash, half stock) supported by your 5% economic interest in eBay.
Our board, backed by the usual crew of bankers and lawyers who get paid either way, “thoroughly reviewed” it.
We’re rejecting it. Not because the math doesn’t work. Not because the highly confident letter from TD Securities for up to $20B on top of your $9B+ cash pile is fake. None of that.
We’re rejecting it because your entire approach to running a company is an existential threat to how we like to operate here.
Here are the reasons we feel this way, and the things we considered before paying consultants to write this:
1) We’d rather keep milking eBay as a “standalone” cash cow than let you turn it into something bigger and better.
2) Sure, you’ve got real financing lined up and you “know people” with deep pockets, but we’re going to call it “uncertain” anyway so we don’t have to engage.
3) Your plan would actually force real long-term growth and profitability changes we’d rather not be held accountable for.
4) The debt we pretended you can’t even obtain, the operational integration and focus on seller satisfaction, and most importantly, putting someone like you in charge of the combined entity all sound like a nightmare for our current leadership structure because all of us would have zero job security.
5) The valuation math only looks bad if you ignore the 46% premium you’re offering our shareholders and the upside from fixing eBay the way you fixed GameStop, which we are choosing to do and hoping nobody notices.
6) And I hope we buried the lede far enough here: Your governance and executive incentives are completely incompatible with ours. You and your board take zero cash, no salary, no bonuses, no golden parachutes. You buy shares with your own money and only get paid if shareholders win. We, on the other hand, like our nice, reliable annual payouts regardless of whether the stock is flat or the company is just coasting. We’re not about to hand over our golden goose to a guy who eats only what he kills.
Look, eBay is “strong” and “resilient” in the way every entrenched public company says it is while handing out eight-figure checks and perks to the C-suite. We’ve done the usual incremental stuff: tweaked the marketplace a bit, returned some capital, and we’d like to keep doing that without any cowboy from GameStop coming in and demanding actual skin-in-the-game accountability. Can you just leave us alone?
Our team remains focused on protecting the current regime and delivering “value”… mostly to ourselves and our consultants.
Thanks, but no thanks,
Paul S. Pressler
Chairman of the Board, eBay
(And proud beneficiary of the status quo)
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Coleman retweetledi
BREAKING: Ryan Cohen rips woke eBay board member Shripiya Mahesh for having terrible priorities $GME
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🚨 @RyanCohen calls out @eBay. 🚨
Then he walks onto @eBay and uses their own platform to prove his point.
A PSA 10 Trump Topps Now card with a @PSAcard estimate around $216 is already bid up to $1,525 with nearly a week left.
That is not just an auction.
That is a live demonstration of price discovery, scarcity, culture, attention, authentication, and marketplace liquidity all colliding in real time.
Now zoom out.
He is reportedly doing this with 20 items.
At this pace, he might use the proceeds to buy eBay himself.
But the joke is hiding the real lesson.
This is checkmate.
Ryan is not just telling eBay’s board they are underperforming.
He is using their own platform to show the world what they have failed to understand.
@eBay does not just have listings.
It has cultural inventory.
It has collector psychology.
It has trust infrastructure.
It has global demand sitting behind every rare, authenticated, story-driven asset.
Yet the board does not meaningfully buy shares, does not appear to act like owners, and does not seem to fully leverage the machine sitting directly in front of them.
@RyanCohen is turning their own scoreboard into the argument.
This is not trolling.
This is activist investing as performance art.
This is strategy with a receipt attached.
The man is showing that collectibles are not dead inventory. They are financialized culture. They are emotional markets. They are attention assets. And when the right operator understands that, a marketplace stops being a website and becomes an arena.
One day, Harvard Business School will write case studies on this.
The activist did not just call out the board.
He used their own product to expose the opportunity they were sleeping on.
Checkmate.
Ryan Cohen@ryancohen
I’m selling stuff on eBay to pay for eBay ebay.com/usr/ryan_5050
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@GormanBJ @TorkWhisler What would’ve happened if you fell even while harnesses but you were completely alone… you just sit there dangling??
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@TorkWhisler I went to a remote site alone, climbed a 7 story tower with a safety harness, climbed up and over a safety rail to reach out over the tower, realized I didn’t hook in and climbed back down. Always remember to hook in, don’t go alone, don’t count on the harness…
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Coleman retweetledi
Coleman retweetledi
We are overstimulated and we don't even notice. Netflix while eating. Reels in the bathroom. Music while cooking. Podcasts on walks. We consume by default, not by intention. You keep filling every gap, then wonder why you feel foggy and unmotivated. Boredom and silence are the real growth drivers. They give you space to think and create. That's when solutions show up for problems that have been stuck for months. Leave some room.
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Porsche reported its 2025 numbers and they are genuinely shocking.
Operating profit came in at €90 million.
The year before, it was €5.3 billion, and that is a 98% collapse.
One of the most profitable car companies on the planet is now barely breaking even.
Let me walk you through how this happened.
In Q3 alone, Porsche posted a €967 million operating loss.
That's over a billion dollars evaporated in 90 days.
The full year was even worse than analysts expected.
So how does the most prestigious sports car brand on Earth go from 14% operating margins to essentially zero in twelve months?
It came down to three forces hitting at the same time, and Porsche had no answer for any of them.
China was Porsche's golden market for years, the place where wealthy buyers couldn't get enough of the brand.
That's over for now.
Sales there collapsed 26% as local Chinese EV companies flooded the luxury segment with faster, cheaper alternatives that actually impressed buyers.
Turns out the badge stopped mattering when the competition got that good.
Then came the tariffs.
The US hit European automakers with 15% import duties, and for Porsche, that translated to roughly €700 million in added costs over one year.
You can't absorb that kind of hit when your volumes are already shrinking.
But the biggest wound was self inflicted, and it's the one that should concern investors the most.
Porsche bet billions on going fully electric and then EV demand across the industry stalled out.
So they reversed course, scrapped their battery production plans, and decided to keep combustion engines around longer than expected.
The cost of that strategic U-turn was €2.7 billion in write-downs in a single year.
When you add up the restructuring charges, the tariff hit, and the EV reversal, total strategic costs hit €3.1 billion in 2025.
Meanwhile they delivered 10% fewer cars globally, revenue dropped, and they're still paying for factory capacity they'll never fully use.
Everything went wrong at once.
The fallout is already in motion and Porsche is cutting 3,900 jobs by 2029
Internal documents suggest up to a quarter of the German workforce could eventually be let go, which would make this the largest round of layoffs in the company's history.
The stock has lost more than a third of its value over the past twelve months.
Here's why this matters beyond Porsche.
If the most profitable automaker per vehicle on the planet can lose 98% of its operating profit in a single year, then no legacy car company is safe from the combination of Chinese EV competition, trade wars and a botched electrification transition.
The auto industry is being rewritten in real time and the companies that hesitated on which direction to go are now paying the full price for that indecision.
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@abcampbell GSY today = Canadas credit situation. I work in sales and could smell this coming over the last 3 months.
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Coleman retweetledi
Met with a financial advisor today
My wife set it up
She wants "a professional opinion" on our retirement
Nice office
Glass desk
Diploma on the wall from a school I've never heard of
The advisor was 23
Maybe 24
He had a pullover vest and a rehearsed handshake
He handed me a pitch book
It had someone else's name on it
I chose not to mention that
He said "based on your risk profile I'd recommend a 60/40 portfolio"
I said "what's the fee?"
He said "1% annually"
I ran the compound drag over 25 years in my head
Said the number out loud
Then I said it again slower
His smile went away
I said "what's the tax strategy?"
He said "we review that annually"
I said "what's the Roth conversion ladder? The asset location framework? The blended expense ratio on the underlying funds? Why wouldn't I just buy VOO for free and do this from my phone?"
He opened his mouth
Closed it
Excused himself
Came back with his boss
Same vest
Bigger watch
The boss said "I hear you have some concerns"
I said "not concerns. Questions. Your 23-year-old couldn't answer them. That's my concern."
My wife kicked me under the table
I kept going
The boss said "the value is in the relationship"
I said "that's what my therapist says too. She charges $250 an hour. You're charging more and doing less."
The boss looked at my wife
My wife looked at the ceiling
I've now been to a therapist, a realtor, a car dealership, and a financial advisor this month
My wife has walked out of every single one
I asked her in the car what she thinks the common denominator is
She said "you"
I said "interesting. Not sure how to model that."
Plz fix. Thx.
Sent from my iPhone
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@GUARDIAN10082 And why wouldn’t he have bought all these shares when it was $34 a couple weeks ago
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Just a thought……..
Sprott seems to be buying in blocks of 100k. If he wanted to own 50% of HYMC, he would need 85 more buys, at that rate.
At $40 per share, that’s $3.4B
Not a negative, but I just don’t see that as his goal. He already has firm control.
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Odd that despite the hostility between the West and Iran, Iran fell for the Covid vaccine scam and vaccinated 78% of their population.
Has to make you wonder if Iran and the West are already controlled by the same people, and this war is a hoax and designed to effectuate agenda 2030.
You couldn’t plan a better pretext for crashing all global economies than to close the Straight of Hormuz.
Something tells me this isn’t your garden variety US military skirmish
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@Christalball93 Funny question if anyone can answer or even attempt to - why wouldn’t he have just bought everything when it dropped into the 30s a couple weeks back? It is obviously due to some higher level investing reason but I just have no idea. Can he only buy a certain amount per week or
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@rush9three @ItsTheEnforcer I’m unsure of everything thanks to Grok
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@ItsTheEnforcer Don’t act like you don’t go search for that comment & groks reply everytime you see something you’re unsure about.
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Please stop with the “Grok, is this true” replies — I can’t take it anymore, please.
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@Oliver_MSA He tagged YouTube!!! You’re lucky they didn’t come after you
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I have no time to deal with trolls. Instant block. “Ever crashing silver.” 😂 I think this man has his computer screen upside down.
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@iky_fwjett You think you chewed every single piece. Plot twist no u did not
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