This story just keeps going. (#1485468, #1489128)

FAAAANTASTIC

I now realize my mistake in trying to land this OWID gig. I should have

• started running a distressed legacy company
• run meme-stocky campaigns and print shares to amass a war chest
• play around with my bitcoin
• acquire 5% of my target company
• get a bank to promise to lend me a bunch of money for a takeover of the company
• make an outrageous bid involving printing 2-3x my current share count
• ...and then go around podcasts and media saying how much better I'd run it, how the management isn't invested enough or "give a shit."

I WOULD GIVE A SHIT OKAAAAY, LOOK AT MY RESUME!

This is a Job ApplicationThis is a Job Application

In this work environment, you gotta do some viral nonsense and take some risks. Put yourself out there.

Elon Musk wanted to run Twitter, so he bought it. David Ellison wanted to run Warner Bros., so he bought it. In each case, the company’s board or shareholders or outside commentators might have thought “man I don’t know about this guy’s business plan,” but it didn’t matter: They offered cash, and the cash they were offering was more than the company was otherwise worth, so they got the company. But if they hadn’t offered cash, they would have had to offer a good business plan: They would have had to persuade the existing investors in those companies that their plans were better than existing management’s plans.

Cohen does not have anywhere close to enough money to buy eBay. That would cost $56 billion or so; GameStop has perhaps $9 billion, and Cohen’s bankers might lend him $20 billion more.

"That leaves him with activism.""That leaves him with activism."

Well yes, gotta be veeeery persuasive to have people hand over assets in a company in exchange for worthless-ish pieces of paper you just printed. Oh wait, we're in Bitcoinland, that's what us Suitcoiners do...

Said Mr. Cohen to our ex-friend Mr. Pomp:

it’s EPS accretive to both GameStop and eBay shareholders, and eBay shareholders continue to own the majority of a business that their earnings are coming from eBay except it’s run by someone frankly that gives a shit. Like that’s the big difference is I give a shit and I’m going to do whatever it’s going to take.

I wonder how that squares with fiduciary duties to shareholders, etc. The CEO of the premier meme-stock company meme-stocking his way into the CEO position of another company? What else is new. ****

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