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

BTC

BTC/USDT

$79,984.04

+0.25%

$79,984.04

+0.25%

(24s)

24h Volume

$6,909,324,168.71

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

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…