Why EBay Should Ignore GameStop And Use Bitcoin To Save $1.2 Billion In Transaction Costs

BTC

BTC/USDT

$63,008.57

-0.07%

$63,008.57

-0.07%

(24s)

24h Volume

$2,192,868,863.13

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,013.62

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,880.33

Resistance 1$63,135.87

Price$63,013.62

Support 1$62,882.63

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

Bitcoin Magazine Editorial

(10:58 PM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

Ryan Cohen’s unsolicited $55.5 billion unsolicited bid to absorb eBay into GameStop has the corporate world doing a double-take. Cohen’s pitch sounds seductive on paper: he promises to slash $2 billion in bloated overhead and instantly rocket eBay’s diluted GAAP earnings per share from $4.26 to $7.79 in year one.

But behind the flashy presentation lies a massive hurdle: a highly speculative…