How a Bankrupt GameStop Got $9 Billion | The Battle for eBay Pt 2

Business Onion · 2:59

Six years ago GameStop was nearly bankrupt — a dying mall store the whole market was betting against. In 2026 it bid $56 billion for eBay. How? Part 2: the 2021 meme-stock squeeze, and the move almost nobody noticed — GameStop quietly sold its own sky-high stock into the frenzy, wiped out its debt, and walked away with ~$9 billion in cash. It turned a stock bubble into a permanent balance sheet. ▶ Part 3 next: the man spending it — Ryan Cohen. Follow for the full series. 🧅 Business Onion peels back the strategy behind the story.