The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Cohen: eBay's $5.5B opex and 11,500 headcount make no sense
“They're spending five and a half billion dollars on operating expenses on eleven billion dollar business that Has no inventory in its asset lights. So, it just, there's 11 and a half thousand employees, and it doesn't make sense.”
Ryan Cohen: GameStop Has $20B Bank Letter and $9B Cash for Bid
“We have the cash accounted for today in terms of, ah, a highly confident letter from our bank for the twenty billion, plus we've got nine billion of cash, so.”
Cohen: eBay directors make $350K-$450K each with zero insider buying
“You know, the directors board of directors make four million dollars. It's like 350 to 450,000 per director. There's been no insider buying at the company.”
Cohen: GameStop cut SG&A by 47% and $800M
“And if you look at SG&A, we've pulled out, we've dropped SG&A by 47%, eight hundred million dollars, by making marketing more efficient, almost turning off marketing.”
Cohen's compensation requires doubling GameStop's market cap to start vesting.
“My current compensation plan is tied to really lofty metrics, and it's based on the first tranche I've got to double market cap, as an example, just to hit the first tranche, and the 10 exit in order for it to fully invest.”
Cohen: Collectibles will likely account for close to a third of GameStop sales
“We've gone from, like, 10% of our sales to over, close to a third, probably, for the full year is gonna come from collectibles”
Ryan Cohen: GameStop has 1,600 access points for authentication
“We've got 1600 access points that we can do live authentication.”
Ryan Cohen has taken zero salary or bonuses as GameStop CEO.
“I haven't taken a dollar of salary or any bonuses”