eBay Stock Hits New All-Time Highs as Ryan Cohen Declares ‘It Needs to Be on Ozempic’

GameStop Corporation (GME) CEO has hit back at e-commerce company eBay (EBAY) after GameStop’s takeover bid was rebuffed by eBay. Meme frenzy’s popular name, GameStop, made a bold bid to acquire eBay for $125 per share in a cash-and-stock deal. This was a surprising move, as eBay’s market cap is far larger than GameStop's. 

In any case, eBay rejected the bid, citing the $56 billion takeover proposal as “neither credible nor attractive.” After that, Cohen hit back at eBay’s management, stating that the e-commerce firm needs to be on Ozempic because it has become obese to an “unhealthy degree,” implying there are significant cost-cutting opportunities at eBay.