GameStop CEO Ryan Cohen Suspended From eBay After Listing Items

Buyers were promised a signed copy of the offer letter sent to eBay's board along with free shipping. If all listed items sold at their top bids as of midday Thursday, the total would have reached more than $138,000, a small fraction of the $56 billion needed for the acquisition.

GameStop's current market capitalization stands at about $11 billion, and Cohen already holds a $20 billion financing commitment from TD Bank. The account under the handle ryan_5050 was first warned for exceeding eBay's monthly listing limit of $50,000.

" "On phone with customer support @eBay. please respond @eBay," he wrote in a follow-up post on X. As of Thursday, the account still appeared visible on eBay though it remained unclear whether Cohen retained access. " An eBay spokesperson did not immediately respond to requests for comment.

Meme stock devotees quickly bid up prices on Cohen's listings. A pair of worn Adidas crew socks reached approximately $14,188. The episode highlighted the continued enthusiasm among retail investors who propelled GameStop shares more than 1,700 percent higher during the meme-stock frenzy of the early 2020s.

" He later joined the board before assuming the role of CEO in 2023. Since taking charge he has implemented austerity measures that included closing physical stores and laying off about 4,500 employees. The company's market capitalization has grown to nearly $11 billion from $1.3 billion in 2021 under his leadership.

His venture capital firm also realized a $68 million gain after selling a 10 percent stake in Bed, Bath & Beyond during the meme-stock surge. " He characterized eBay as "a business that is under-earning and can make a lot more money" and said GameStop provided a suitable blueprint for improvement.

The company is scheduled to review the offer this week. " — Ryan Cohen, May 7, 2026 (X) The suspension occurred on the same day that separate cryptocurrency market coverage appeared, including a JPMorgan note on Michael Saylor's MicroStrategy potentially purchasing up to $30 billion in bitcoin this year and various long-term price forecasts for Toncoin that ranged from bullish targets near $48 by 2030 to more cautious estimates around $2 to $10 in coming years.

Those developments were unrelated to the GameStop-eBay situation. GameStop has not detailed how it would fund the remainder of the $56 billion offer beyond the TD Bank commitment and Cohen's personal fundraising attempt.