Latest / Raleigh News Today | 2 Min News | The Daily News Now!
eBay’s Depop Bet and Cohen’s Challenge | Raleigh News
eBay’s betting big on Depop, pouring cash into the resale app in a high-stakes race for market dominance — a move analysts are divided on, with some warning of future earnings pressure while others see long-term upside. The strategy comes amid a tense boardroom battle with GameStop’s Ryan Cohen, who’s criticizing eBay’s spending and pushing a takeover bid, though eBay’s leadership dismisses his offer as unserious. Morgan Stanley argues investors are overlooking the bigger picture, suggesting this spending could lead to eBay’s long-term victory — or at least a fierce arms race where Depop…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.