eBay Outage Map

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eBay Issues Reports

Latest outage, problems and issue reports in social media:

• 
  Goatbeardz (@GoatBeardzDD) reported 7 minutes ago

  GameStop is about to make the Final Bid for $EBAY On May 3rd, 2026, $GME made a bid for $eBay: "proposed offer is $125.00 per share, comprising 50% cash and 50% GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation." Since making that bid, he has gone on a full media pressure campaign, highlighting the misalignment and inadequacies of the management and board of $eBay. The bid was promptly rejected in the face of a stunning 2.5 billion share auth proposal at the July 7th meeting, seemingly to get the $eBay deal done, though the two have not been explicitly linked. Last we heard from @ryancohen was that he is taking the deal directly to shareholders. So what does that mean? —————— WHY EBAY? Let's first look at the target: $eBay. $eBay has around ~90% institutional ownership. Now, in the face of an activist takeover and a hostile bid, what does that mean exactly? First, it means the shareholders of eBay are heavily organized and concentrated. The bidder does not have to convince a million people separately. He just has to convince a few holders of the stock. Second, institutions have a hard mandate. They are fiduciaries of capital, not shareholders convinced for a multitude of reasons. There is only one reason they care about: does it make sense financially? A fiduciary, by law, has to evaluate the offer against standalone value. If the premium is real and the financing is committed, they tender. Not because they want to. Because they have to. For a potential acquisition target, that is not a defense. That is a STRONG vulnerability. And for a hostile bidder, that is everything. —————— MOVE 1: THE REJECTION You can't launch a hostile tender without first making a friendly offer the board refuses. The rejection is the legal prerequisite. It establishes that the board won't negotiate, which justifies going around them. But it matters HOW they reject. If they say "$125 is too low": you're negotiating price before you've started. If they say "not credible": they've rejected the financing, NOT the number. And look at what eBay actually said: "neither credible nor attractive." They left $125 completely unchallenged. Cohen didn't just get rejected. He got rejected perfectly. Price locked. Board on record fighting the wrong battle. Hostile lane open. The dismissible bid was designed, not fumbled. He could have shown up May 3 with committed financing. The board would have had to engage. Price negotiation starts at $125 but eventually he pays more, and it's open to negotiation. Instead, he showed up with a highly confident letter the board COULD dismiss and they dismissed it on financing, not price. Now, when the financing firms up, their only stated objection disappears, and they've already conceded $125 by never contesting it. Meanwhile, he amassed 2,480,467 shares, funded with cash. The 39M-share conversion untouched. Move 1 is complete. —————— COHEN EXPLICITLY TOLD YOU MOVE 2 IS COMING The public press run Ryan Cohen did was very interesting for a multitude of reasons. First, he had to keep his cool under pressure. The viral CNBC clips show just how difficult that is. Second, the interviews themselves are hard to curate to ensure no critical information leaks out. And in that, he explcitly states his next move. Anthony Pompliano Interview: "It's going to come down to the owners of the business and who they believe are the best fiduciaries of their capital." The owners decide. Not the board. That's the tender described in one sentence. "If it was all stock, GameStop shareholders would own 20% of the business. eBay would own 80% of the earnings." He described the all-stock version. Framed it as the bad outcome for his own shareholders. Then went silent on the alternative. Barron's Interview: "The board and the management team cannot run and hide forever." A board hides behind a rejection letter. You can't hide from a tender: it goes directly to your shareholders. "Ultimately this will be resolved by shareholders." He says it twice. Not the board. Shareholders. "I'm not receiving risk-free compensation and selling stock without putting money on the line." That's the pitch to eBay's institutions, pre-loaded into the public record. When the tender arrives: your management takes risk-free comp and sells stock. I take zero salary and get paid only if the combined company hits hurdles. Who should run your asset? "Private equity is really good at raising money and charging management fees. I'm an operator." He's killing the white-knight defense before the board even tries it. When they look for an alternative buyer, PE is the obvious candidate, but Cohen has already framed them as fee-extractors. That defense is pre-neutralized. Every answer points at the same mechanism: a tender offer, direct to shareholders, where the owners decide. SO WHERE IS IT? —————— THE AGM WAS THE LAST PIECE OF INTEL The highly watched $ebay AGM came and went, and many GameStop shareholders were dissappointed. Proposal 4 on the slate specifically was the one to watch: a proposal to lower the special-meeting threshold to 10%. Ultimately, all motions passed in favour of ebay's board and the proposal was rejected. However, let's take a look at the context. This is not the first time this proposal has been brought forward, and every time it has failed. What was the difference this time? This time, the board hired Innisfree, a professional adversarial proxy defense entity. They ran two weeks of direct outreach.  On the other side, @ryancohen amassed close to a 10% position, not going above, but buying direct shares as well.  So what were the results? 2026: 42.8% in favour.  Compare that to 2025: 49% in favour.  So what does that mean in the context of the situation? For a company that is held 90% by institutions, 43% voted IN FAVOUR OF A HOSTILE BIDDER BEING ABLE TO CALL A SPECIAL SHAREHOLDER MEETING. Nearly HALF the register defied the board's recommendation DURING AN ACTIVE HOSTILE BID, AFTER the board spent weeks fighting it with a professional proxy solicitor. The institutions who did vote with the board on Proposal 4 didn't do it because they love eBay management. They did it because an uncommitted activist at 9% isn't a strong enough reason to hand him structural tools. Change "uncommitted activist" to "fully funded premium tender" and fiduciary duty makes the decision for them. 42.7% defied the board on a hypothetical. The question is: What happens when the offer is real and sitting in their account? The AGM was never the battlefront for $GME, just the last piece of data he needed before Move 2. Now he has it. —————— THE TENDER A tender doesn't need the board's permission. Doesn't need a merger vote. Doesn't need a special meeting. Doesn't need Proposal 4. It goes directly to the owners. Every shareholder individually decides. The board can recommend against it, but they can't stop it from reaching their shareholders. A fund manager holding eBay at ~$100 receives a funded offer at $125. The math: take certain cash at a 25–46% premium, or hold under a board whose only defense just collapsed. "I believed in eBay management" is a career-ending sentence when the alternative was guaranteed money. The board's one tool is a poison pill. A pill blocks the tender from closing, but not from staying open. Not from the arbs flooding the register. Not from the story running. And a pill turns it into a proxy war. eBay is declassified. Majority-vote. Every director stands annually. "Replace the directors blocking your $125" is a short fight when arbs hold the register and the board's own stated objection no longer exists. Cohen said it: "cannot run and hide forever." A pill buys time but it doesn't win. —————— THE WINDOW Since the last 425, Cohen has gone quiet. The longest gap of the campaign: straight through eBay's AGM and out the other side. Let's look at the calendar a bit and try to surmise what he is planning. July 7: GameStop's annual meeting. Two proposals matter, and they are not the same vote. The authorized-share increase of 2.5 billion is close to a formality. The June 8 proxy supplement spelled it out: simple majority of votes cast, and NYSE deems it routine, so brokers vote uninstructed shares *for* it. That one passes. Cohen knows it passes and that's what the proxy supplement was to clarify. The CEO performance award is the hard one. It was pitched to be decided by unaffiliated holders which is a higher bar than a plain majority.  But here's what the supplement also said: the share authorization is *not* a condition of the pay award. The two are decoupled. And the authorization was never explicitly tied to the eBay deal to begin with. So read it straight. Cohen does not need the July 7 vote to move on eBay. He already has the shares and the structure. What he needs is the other half: committed financing locked *before* he reveals a direct offer to a base that's ~90% institutional. Institutions don't tender on a "highly confident" letter. They tender on certain cash. And then there's Teddy. The site Cohen built for his father has been password-gated since June 1. During this entire saga, this has never ocurred. This Sunday is Father's Day. What I'm watching for: Teddy goes live on Father's Day, Sunday June 21 and the formal offer hits the tape the next morning, Monday June 22. —————— TL;DR: This was always two moves. Move 1: present a dismissible bid. Let the board reject it on financing. Lock the price. Accumulate cheap. Map the register. Move 2: fix the financing. Take the same $125 directly to the owners of a 90% institutional company, where fiduciary duty makes tendering a forced move. Move 1 is done. The board rejected on financing, not price. The toehold is built. The AGM data is in hand. "The board cannot run and hide forever."

• 
  The Never To Be Humble Art Guy (@glgale) reported 11 minutes ago

  @AutonomyJenny Your fear is unhinged and linked to your personal persecution problem, same as the rest of the 18% fringe. Your neighbors aren’t going to burn down your property or sell your children on eBay. Stop being such a snowflake.

• 
  Ronnie Boi (@parryopolis) reported 14 minutes ago

  @harrrmy Let your standards down a little. Go with Zimbabwe dollars instead of USD. I think you can get a couple mil Zimbabwe for about $20 USD on eBay

• 
  EverydayReseller (@EverydayResell) reported 15 minutes ago

  A lot of new people here, this one’s for you. 🚨How to stop losing money to eBay return scammers. They buy your clean, working item… then ship back a broken piece of junk & demand a full refund. I recently learned this $7.49 trick & it’s an absolute game changer: Grab a cheap UV security pen (the exact one I use from amazon is in the photo). Before you ship, write a unique personal code or mark in a hidden spot on the item. It’s completely invisible to the naked eye, but lights up under any blacklight. When the return comes back, just shine the light. No matching mark? That’s not your original item. Upload the before/after UV photos in your eBay case and watch your win rate skyrocket. 🚀 Pro tip: Make the code truly unique, your own handwriting style, a random symbol only you make. Something scammers can’t duplicate even if they know the method. Resellers: add this to your process TODAY. It will save you hundreds (or thousands) in the long run. Who’s trying this? Let me know in the comments if you’re adding UV marking to your process. Also, would love to hear your best return scam stories below! Happy selling! Let's grow!

• 
  Kaiba’s Confections TCG (@AustinBurley1) reported 15 minutes ago

  Problem with alot of businesses these days is they hold your money to longest possible extent before you receive a payout. Yet everyone you pay wants paid on time . It’s a super annoying issue. Can’t tell me a multimiilion dollar apartment complex doesn’t have the funds to pay you your deposit on time in accordance with the law. Don’t get me started on insurance companies and ebay… like pulling teeth man.

• 
  Francesco (@francescoinweb3) reported 16 minutes ago

  How did I build a mini PC for $500? People don’t buy products; they buy brands. More often than not, you can buy the exact same product for less, just under a different name. Manufacturers tout impressive figures like ‘86 TOPS’, but in practice what matters is → Memory capacity → SSD → Bandwidth → Cooling I found a Beelink SER 8 with a Ryzen 7 8845 HS, 32 GB RAM and a 1 TB SSD on eBay for $480 Additional costs → External case: $25 Memory speed and RAM capacity are far more important. You don’t need 128 GB of RAM unless you’re running 70V models Here’s how things turned out after a week of using the mini PC LIama 3 works without any issues Qwen 3 responds instantly Electricity savings of around $20 a month AI subscriptions are free By buying a mini PC for yourself, you’re not just saving on electricity. You’re also saving on space. It will also be beneficial for companies not to have to maintain mini PCs, as they require no maintenance and incur no additional costs.

• 
  XShadesX (@TheRealXShadesX) reported 20 minutes ago

  @CanonCsa @zebular0 True. Issue I have with that for starters is not a lot of people like GameStop. GameStops reputation is still ****. People will still go to eBay over GameStop marketplace.

• 
  bad robot ventures (@foxenflask) reported 24 minutes ago

  From 2019 onwards, $EBAY has a pretty impressive rap sheet: - 2019: Execs ordered a stalking campaign against blogger couple the Steiners. Sent live bugs, a pig mask, and a funeral wreath to their home. GPS tracked their car. CEO Wenig ("take her down") walked with $57M severance. Never charged. - 2022: 7 employees convicted. Ringleader Jim Baugh sentenced to 57 months in federal prison. - 2023: DOJ sues eBay for selling 343K emissions defeat devices and illegal pesticides. Potential $1.9B exposure. - 2024: eBay pays $3M criminal fine (statutory max) to DOJ for the stalking. Same month, pays $59M for facilitating illegal pill press sales. - 2026: Steiner civil suit ($466M punitive ask) settled, then collapsed. Trial set for Jan 2027. Multiple DOJ actions. 7 convictions. Billions in exposure. A decade of self-inflicted chaos. Utter waste of shareholder capital, while the business has failed to grow and the margins + stockholders’ equity is depleting by the quarter. Is this board and CEO really the best to run this iconic American brand?

• 
  Scott Sleepy (@scott_sleepy) reported 28 minutes ago

  Running the numbers with Grok, GameStop is over-leveraged buying eBay. Hear me out - if they acquired Chewy now, this gets them the free cash flow needed to support that loan while Ryan turns around eBay. Structured correctly, this allows them to hit the $32 Warrant strike price. Chewy is in an extremely advantageous position for this right now. Their stock price is a steal, they are largely done with the major CapEx for growing their distribution centers (which can be further leveraged in NewCo), and have strong and growing Free Cash Flow. The price is right. The cash flow supports the loan. Ryan can focus on eBay when he gets it. And he can manage/improve Chewy in his sleep. CRITICALLY - $GME will be volatile after an acquisition like this, and Ryan can issue an ATM into a squeeze. The big squeeze comes later. A small one in the interim can, with an ATM, basically let Ryan buy Chewy for free.

• 
  (Rodimus) JosephtheN3rd (@JosephtheN3rd) reported 28 minutes ago

  @blackvvidows @HankMcPym People buy these for parts. Once it officially releases check eBay. There’s tons of people who just strip them down to sell the parts individually

• 
  FPL Waqa Waqa 🐶 (@FplWaqaWaqa) reported 37 minutes ago

  @caseydoesthingx @CardPurchaser @PSAcard The Value Plus grading level didn’t shut down when buying a raw card through eBay. Most likely because of contractual agreements.

• 
  Michael (@bravoactual05) reported 37 minutes ago

  @Han_Akamatsu RC has taken no money from the company and has only bought more GME WITH HIS OWN MONEY. He will be sitting on the eBay board of directors soon. This slow acquisition of eBay is scaring the out of the hedge funds. DONT BELIEVE THE FUD OR SHILLS. APES HOLD STRONG TOGETHER RCEO! 🚀

• 
  Nate (@Natan_benish) reported 38 minutes ago

  prediction: onchain platforms can and will become the main pricing venue for at least some major card categories (instead of eBay/alt/fanfics sales) just to point out some structural issues with offchain venues: - there are multiple different fee structures (PSA charges 7.5-13% based on sale value, eBay 13-15%, Alt 4-14%) - sale taxes are not accounted explicitly, you buy from a PSA vault and keeping it there? 0% DE state tax, you ship it home pay 5-12% in state taxes, you ship oversees even more complicated. same goes with shipping cost which again takes place on check out. this is before I go into credit card + fx fees with onchain platforms it's simple. vaulted by default, settled mostly with USDC, shipping comes after, and platform fees are low and fixed. you can't possibly make the case against onchain taking over.

• 
  Aisza_ (@ohtinybaby) reported 38 minutes ago

  @Poke_Bondo eBay or PayPal GnS? both with buyer protection. If you still don’t feel comfortable after having those protections in place, then it sounds like the issue isn’t trust or safety. I’m happy to proceed through either platform as long as you cover the fees😔

• 
  shawn (@Shawncnda) reported 39 minutes ago

  @WaterPlantGuy @CardPurchaser Give it another week. eBay tracking has went back to being jacked up this week. I’ve got issues with cards coming in and going out. Ask for a few more days. Sadly I’ve had cards take weeks to get to me after being marked as delivered