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GameStop CEO's eBay account suspended after selling items to fund acquisition bid

GameStop CEO Ryan Cohen had his eBay account suspended after attempting to sell items to fund his $56 billion bid to acquire the marketplace. Cohen listed various personal and company-related items, including old store signs and carpet, which quickly garnered high bids from meme stock followers. eBay cited activity that was believed to be putting the community at risk as the reason for the permanent suspension, exceeding the platform's monthly posting limit. AI

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RANK_REASON This story is about a CEO's unusual attempt to fund a business acquisition by selling personal items on an e-commerce platform, which resulted in his account suspension, fitting the criteria for meme-worthy news.

Read on Fortune →

GameStop CEO's eBay account suspended after selling items to fund acquisition bid

COVERAGE [1]

  1. Fortune TIER_1 · Marco Quiroz-Gutierrez ·

    eBay bans GameStop CEO’s account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace

    Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”