{
 "name": "eBay",
 "type": "company",
 "episodes": [
  "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
  "all-in-2026-07-18-can-the-ai-industry-regulate-itself-stripe-wants-paypal-chin"
 ],
 "claims": [
  {
   "holder": "Ryan Cohen",
   "claim": "Acquiring eBay is genuinely a good idea — unlike selling pet food online or even GameStop, this play actually makes sense.",
   "stance": "opinion",
   "conviction": 0.85,
   "subjects": [
    "eBay",
    "GameStop",
    "Chewy"
   ],
   "timestamp": "27:27",
   "quote": "So that was selling pet food online, not a great idea, and GameStop, I don't think was such a good idea either. This is actually a really good idea",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay has failed to grow with the rest of e-commerce and the business should be significantly larger than it is.",
   "stance": "assertion",
   "conviction": 0.8,
   "subjects": [
    "eBay"
   ],
   "timestamp": "32:22",
   "quote": "they haven't grown along with the rest of e-commerce ... that business should be significantly larger.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay could have become Amazon but squandered its early lead.",
   "stance": "opinion",
   "conviction": 0.7,
   "subjects": [
    "eBay",
    "Amazon"
   ],
   "timestamp": "34:54",
   "quote": "eBay could have been Amazon.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "He would keep eBay asset-light as a marketplace and would not take on first-party inventory.",
   "stance": "opinion",
   "conviction": 0.8,
   "subjects": [
    "eBay",
    "marketplace model"
   ],
   "timestamp": "37:21",
   "quote": "I would not be interested in taking in firsthand inventory. I like the marketplace model",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay should grow organically through focus on a single brand rather than acquisitions or sub-brands.",
   "stance": "opinion",
   "conviction": 0.75,
   "subjects": [
    "eBay"
   ],
   "timestamp": "39:58",
   "quote": "building it organically through eBay and through Focus is where I believe makes the most sense.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay's recent acquisitions don't make sense.",
   "stance": "opinion",
   "conviction": 0.7,
   "subjects": [
    "eBay"
   ],
   "timestamp": "38:36",
   "quote": "they've recently made acquisitions, which don't make sense.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay isn't growing while the rest of e-commerce is, and it's making less money while spending much more.",
   "stance": "assertion",
   "conviction": 0.85,
   "subjects": [
    "eBay"
   ],
   "timestamp": "40:29",
   "quote": "they're not growing, everybody else in e-commerce is growing, and they're making less money and they're spending a lot more",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "In a marketplace like eBay the sellers are the customer, and current management alienates and takes its sellers for granted.",
   "stance": "assertion",
   "conviction": 0.85,
   "subjects": [
    "eBay"
   ],
   "timestamp": "40:29",
   "quote": "the sellers, in a marketplace model like eBay, the sellers are the customer.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay's management is leaning on outside consultants rather than solving root-cause problems themselves.",
   "stance": "assertion",
   "conviction": 0.95,
   "subjects": [
    "eBay"
   ],
   "timestamp": "43:00",
   "quote": "I would bet everything that they're working with multiple outside consultants",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "When a company shifts from founder-operator to professional management, it loses the hands-on, root-cause problem solving.",
   "stance": "opinion",
   "conviction": 0.75,
   "subjects": [
    "eBay",
    "founder-led companies"
   ],
   "timestamp": "43:00",
   "quote": "you go from a business that founder, operator run to business with a professional management team is, you know, you lose the one-on-one and just the rolling up your sleeves",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "Live commerce is a major growth vector where eBay should be the category leader, but its platform and lack of creators hold it back.",
   "stance": "opinion",
   "conviction": 0.85,
   "subjects": [
    "eBay",
    "live commerce"
   ],
   "timestamp": "44:39",
   "quote": "eBay live should be significantly larger. They should be the category leader in the space.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "The board's financing-uncertainty objection is invalid because the financing comes off eBay's own balance sheet.",
   "stance": "assertion",
   "conviction": 0.8,
   "subjects": [
    "eBay",
    "GameStop"
   ],
   "timestamp": "50:06",
   "quote": "if we can't get the financing, it means that eBay can't get the financing because we're getting the financing off of eBay's balance sheet.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "The shareholder vote ultimately comes down to who would be a better fiduciary and grow the business — and he believes that is him.",
   "stance": "opinion",
   "conviction": 0.8,
   "subjects": [
    "eBay",
    "Ryan Cohen"
   ],
   "timestamp": "54:46",
   "quote": "the vote is on who's going to be a better fiduciary of capital and who can grow this business.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay's CEO has no skin in the game — selling tens of millions in stock and never buying a share with his own money.",
   "stance": "assertion",
   "conviction": 0.85,
   "subjects": [
    "eBay"
   ],
   "timestamp": "54:46",
   "quote": "has not bought a single share of stock in the open market with his own money and has been selling tens of millions of dollars.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay's management team has no skin in the game and aren't builders — just overpaid employees of major companies.",
   "stance": "assertion",
   "conviction": 0.8,
   "subjects": [
    "eBay"
   ],
   "timestamp": "54:46",
   "quote": "you've got a management team with no skin in the game? They're not builders. They haven't built anything themselves before.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "claim": "eBay is within his circle of competence because he understands e-commerce far better than physical retail.",
   "stance": "opinion",
   "conviction": 0.8,
   "subjects": [
    "eBay",
    "Ryan Cohen"
   ],
   "timestamp": "27:27",
   "quote": "it's a business that I understand a lot better than physical retail because I know a thing or two about e-commerce",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "David Friedberg",
   "claim": "AI-native operators are targeting mature, founder-less first-generation digital businesses that underuse AI and can be revived, representing a large emerging opportunity.",
   "stance": "opinion",
   "conviction": 0.8,
   "subjects": [
    "Stripe",
    "PayPal",
    "eBay"
   ],
   "timestamp": "24:17",
   "quote": "folks that are, call it AI native, are looking at, call it, first generation digital native businesses that have become mature and old and stale",
   "episode_id": "all-in-2026-07-18-can-the-ai-industry-regulate-itself-stripe-wants-paypal-chin",
   "published_at": "2026-07-18"
  },
  {
   "holder": "David Sacks",
   "claim": "PayPal stagnated because after eBay acquired it in 2002 it blew out all the founders and founding DNA and was run by 'consulting types' with a corporate mindset.",
   "stance": "opinion",
   "conviction": 0.85,
   "subjects": [
    "PayPal",
    "eBay",
    "Meg Whitman"
   ],
   "timestamp": "30:32",
   "quote": "that's why PayPal has stagnated is that as soon as it was acquired back in 2002, they basically blew out all the founders, all the founding DNA, and it was just run by consulting types.",
   "episode_id": "all-in-2026-07-18-can-the-ai-industry-regulate-itself-stripe-wants-paypal-chin",
   "published_at": "2026-07-18"
  }
 ],
 "predictions": [
  {
   "holder": "Ryan Cohen",
   "prediction": "The addressable market for a marketplace in in-game digital items could be much larger than eBay's physical-items marketplace.",
   "timeframe": "unspecified",
   "subjects": [
    "digital collectibles",
    "eBay"
   ],
   "timestamp": "44:39",
   "quote": "I believe that addressable market is significantly larger than, could be much larger than eBay's marketplace on physical items",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "Ryan Cohen",
   "prediction": "He would immediately improve eBay's earnings by pulling $2 billion of costs out of the business.",
   "timeframe": "immediate (upon taking over eBay)",
   "subjects": [
    "eBay"
   ],
   "timestamp": "44:39",
   "quote": "immediately improving earnings through cutting costs and pulling two billion dollars of costs out of the business.",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "holder": "David Friedberg",
   "prediction": "eBay and PayPal are the beginning of a wave of mega deals in which AI-native operators acquire and revive 'flaccid' mature digital businesses.",
   "timeframe": "the coming years",
   "subjects": [
    "PayPal",
    "eBay"
   ],
   "timestamp": "27:17",
   "quote": "I will make a prediction. I think that eBay and PayPal are probably the beginning of a wave of mega deals",
   "episode_id": "all-in-2026-07-18-can-the-ai-industry-regulate-itself-stripe-wants-paypal-chin",
   "published_at": "2026-07-18"
  }
 ],
 "facts": [
  {
   "statement": "eBay bought Skype for $2.6 billion in 2005 and sold 70% of it for $2 billion in 2009.",
   "subjects": [
    "eBay",
    "Skype"
   ],
   "value": "$2.6B (2005), 70% for $2B (2009)",
   "timestamp": "37:52",
   "quote": "they bought Skype for 2.6 billion in 2005 and then sold 70% of it for 2 billion in 2009",
   "source": "David Friedberg",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "eBay bought StubHub and later sold it to Viagogo's founder, Eric, for $4 billion.",
   "subjects": [
    "eBay",
    "StubHub"
   ],
   "value": "$4 billion",
   "timestamp": "39:37",
   "quote": "StubHub, which they bought and then sold to the founder, Eric, at Viagogo for 4 billion",
   "source": "David Friedberg",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "John Donahoe left eBay around 2015 (roughly 11 years ago).",
   "subjects": [
    "eBay",
    "John Donahoe"
   ],
   "value": "left ~2015",
   "timestamp": "40:12",
   "quote": "He left, I think, what did he leave a couple years ago? 2015",
   "source": "David Friedberg",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "Since COVID, eBay's GMV, operating earnings, and active users are all down, with active users off by 30 million.",
   "subjects": [
    "eBay"
   ],
   "value": "active users -30 million",
   "timestamp": "40:29",
   "quote": "GMV is down, active users is down by 30 million, operating earnings is down.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "eBay's operating expenses are now over half of its revenues, despite carrying no inventory.",
   "subjects": [
    "eBay"
   ],
   "value": ">50% of revenue",
   "timestamp": "40:29",
   "quote": "their operating expenses are over half of their revenues.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "eBay's operating base is close to $5.5 billion of expenses, including $2.4 billion on sales and marketing for essentially no user growth.",
   "subjects": [
    "eBay"
   ],
   "value": "~$5.5B expenses, $2.4B S&M",
   "timestamp": "44:39",
   "quote": "close to five and a half billion of expenses and two point four billion spent on sales and marketing for essentially no user growth.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "The bid would require assembling a syndicate of about $56 billion of cash for an all-cash offer.",
   "subjects": [
    "eBay"
   ],
   "value": "$56 billion",
   "timestamp": "51:14",
   "quote": "a syndicate of 56 billion dollars of cash",
   "source": "David Friedberg",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "The offer to eBay shareholders is 50% cash and 50% stock at a premium to where GameStop bought in.",
   "subjects": [
    "eBay"
   ],
   "value": "50% cash / 50% stock",
   "timestamp": "52:13",
   "quote": "We're offering them 50% cash, 50% stock at a premium to where we bought it.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "A vote to lower the threshold to call a special eBay shareholder meeting from 20% to 10% of shares failed.",
   "subjects": [
    "eBay"
   ],
   "value": "threshold stays at 20%",
   "timestamp": "53:50",
   "quote": "There was a vote that failed to reduce the threshold to 10% of shares outstanding. It's currently at 20%.",
   "source": "David Friedberg",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "Ryan Cohen is putting $500 million of his own money into the eBay transaction.",
   "subjects": [
    "eBay",
    "Ryan Cohen"
   ],
   "value": "$500 million",
   "timestamp": "54:46",
   "quote": "I'm putting 500 million of my own money into this transaction.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  },
  {
   "statement": "eBay's CEO would receive a golden parachute of over $100 million.",
   "subjects": [
    "eBay"
   ],
   "value": ">$100 million",
   "timestamp": "58:17",
   "quote": "It's over 100 million bucks.",
   "source": "Ryan Cohen",
   "episode_id": "all-in-2026-06-23-gamestop-ceo-ryan-cohen-s-56b-plan-to-take-over-ebay",
   "published_at": "2026-06-23"
  }
 ],
 "first_seen": "2026-06-23",
 "last_seen": "2026-07-18"
}