OUT
OUTFRONT Media Inc.
stock NYSE

200 FORGET IT YOU WILL LOSE IT, SAVE IN A SAVINGS ACCOUNT AND GET A JOB WITH A 401K AND MAX IT OUT

Fidelity - Please explain how to GET OUT of the loan program. I've tried and can't find how to get out. The rates aren't what they were and now I'm stuck when I sell because it takes days to get the shares back.

Uhm I'm no expert but what we want comes OUT of the straight of Hormuz.

NOOOOO HOW DARE YOU DEFEND A BUSINESS MANNNNM THEY SUCKK MONEY OUT OF PEOPLEEE (most of the times it's the middle class that give them their money in return of services and luxury)

BREAKING NEWS POLYMARKET GETS BOUGHT OUT BY JOHNSON AND JOHNSON

RESEARCH REVEALS THAT FOCUSING ON GOOD LITERALLY RESHAPES YOUR BRAIN TO SEEK OUT EVEN MORE GOOD
>!Diary of MU bag holders!<

> Why can't we think out of the box.
You are telling me Cumpa box , kantara icecream is not **OUT OF THE BOX** /s

EVERYBODY FREAK THE FUCK OUT AND PANIC BUY EVERYTHING!!!

He's posting AI images of battleships fitted with laser cannons blowing Iranian drones out of the sky.
#LMAO 🤌 LETS JUST WHIP OUT THE X-WINGS TOO

I CANT DRINK OUT THAT TWO LITER 🫴

IM HANDING OUT "FELL FOR IT AGAIN AWARD" TO MANGO SUPPORTERS

the thing about him is this. HE WILL HAVE STOPPED OUT...but he wont tell you and he wont post it. why doesn't want to mess up his WIN RATE

BREAKING NEWS: CPI REPORT IS OUT NOW

GET THE FUCK OUT OF THE WAY YOU FUCKIN GREASY HAIRY BEACH BAL

This is the last dilution we will have any power, it means we're voting ourselves OUT of majority ownership

TLDR at bottom for the smooth brains (I am one of you)
OK apes gather round. I've been reading filings instead of sleeping again and I need to talk about what RC just did because I genuinely don't think most people understand the setup.
\## THE QUIET ACCUMULATION
February 4, 2026. eBay closes at $85.84. Nothing's happening. Boring Tuesday.
Except RC was buying.
For three months he quietly built a 5% economic stake in eBay through derivatives and direct ownership while nobody was paying attention. Same playbook he's run before. Man does not announce. Man accumulates. Then man drops the letter.
May 3: $125 per share. \*\*$55.5 BILLION.\*\* Half cash, half stock. Hostile if necessary.
The CNBC interview was already legendary. Anchors confused. "It's on our website." Stock dropped 10%. eBay popped 5%. Everyone called him reckless. AOL Time Warner comparisons. The usual.
But here's the thing nobody on financial TV bothered to actually read: \*\*THE 8-K.\*\*
\## THE FINANCING IS REAL (READ THE FILING)
Everyone screaming "HOW WILL THEY PAY FOR IT 🤡" missed this:
\* \*\*$9.4 BILLION\*\* cash and liquid investments on GME balance sheet as of Jan 31, 2026
\* \*\*$20 BILLION\*\* highly-confident letter from TD Securities
\* = \*\*$29.4B available against $27.75B cash side needed\*\*
The cash side is FULLY COVERED. There is no funding gap. The "they can't afford it" take is just people who didn't read past the headline.
And where did that $9.4B come from? RC spent 5 YEARS building this war chest:
\* FY2021: $381M net \*\*LOSS\*\*
\* FY2025: $418M net \*\*INCOME\*\*
\* SG&A cut by $800M (47%)
\* ALL legacy debt retired
\* Raised $4.2B in long-term debt at \*\*0% COUPON\*\* (read that again)
Man borrowed FOUR POINT TWO BILLION DOLLARS AT ZERO PERCENT INTEREST. Who does that? Who structures their balance sheet like that unless they're planning something?
He told us in January. He literally said on CNBC the deal would be "transformational" and "never been done before in the history of the capital markets." We thought he was being RC. He was telling us exactly what he was about to do.
\## WHY EBAY THO
I'll keep this simple because I'm regarded:
\*\*eBay FY2025:\*\*
\* Revenue: $11.1B (growing 8%)
\* Non-GAAP net income: $2.6B
\* Operating margin: 27.8% (already fat)
\* GMV: \~$80B
\* 135M active buyers across 190 markets
This is NOT a dying business. It's a cash cow being run on autopilot.
But here's the smoking gun. eBay spent \*\*$2.4 BILLION on Sales & Marketing\*\* in 2025. For that they added \*\*ONE MILLION net new buyers\*\* (134M → 135M).
$2,400 per net new buyer. ON A PLATFORM WHERE MOST TRAFFIC IS ORGANIC. That's not marketing, that's setting money on fire.
RC's plan from the letter:
\* $1.2B cut from S&M
\* $300M cut from Product Dev
\* $500M cut from G&A
\* = \*\*$2B annualized synergies within 12 months\*\*
Result per his math: eBay's GAAP EPS goes from $4.26 to $7.79 in year one. JUST FROM COSTS. No growth, no synergy with 1,600 GME stores, no live commerce, no authentication network, just cutting the bloat.
\## THE OPERATOR THESIS (THE REAL DD)
Stop thinking about this as GameStop buys eBay. That's not what's happening. What's happening is \*\*RC is building Berkshire 2.0 and using eBay as the cash-flow anchor.\*\*
Track record:
\* \*\*The pet ecommerce company\*\*: built from $0 to $3.35B exit. Built from scratch.
\* \*\*GME\*\*: bankruptcy candidate → debt-free with $9.4B liquid. Operating income flipped from loss to profit.
\* \*\*The Chinese ecommerce giant\*\*: $1B activist stake, pushed for buybacks, board extended program $25B → $40B. Years of studying mega-cap platform ecommerce from the inside.
Cohen has been training for this trade his entire career. The pet company taught him to build. GME taught him to fix. The China platform taught him how mega-caps allocate capital. eBay is where it all comes together.
And his comp structure tells you he believes it:
\* 9% personal GME ownership
\* NO SALARY
\* NO CASH BONUS
\* NO GOLDEN PARACHUTE
\* 171M options at $20.66, vesting from $20B to $100B market cap
He gets NOTHING unless market cap roughly doubles. He gets generational wealth if it 10x's. \*\*THAT IS ALIGNMENT.\*\* That is skin in the game. CEOs don't structure their comp like that unless they think they can actually deliver.
\## THE MATH ON THE COMBINED ENTITY
Standalone combined GAAP earnings: \~$2.4B (eBay $2.0B + GME $418M)
Plus $2B Cohen synergies: \~$4.4B
Post-deal share count: \~1.5-1.65B basic
Combined GAAP EPS with synergies: \~$2.67-2.93
Combined GAAP EPS without synergies: \~$1.45-1.60
Current eBay standalone GAAP EPS: $4.26
Current GME adjusted EPS: \~$1.45
A combined entity with Cohen at the helm, holding company structure, $14.7B revenue, $4.4B target earnings, and 1,600 physical locations as fulfillment infrastructure for the largest auction marketplace in the West. That is a different animal than either company alone.
\## WHY THE MARKET HASN'T FIGURED IT OUT YET
eBay trading at $109 vs $125 offer = $16 arb spread. Market pricing in deal failure risk. That's the inefficiency.
If the deal closes: eBay holders get $125 value, GME holders get exposure to Cohen running a $14B revenue holding company over 3-5 years.
If the deal fails: eBay drifts back to $85, GME continues as cash-rich small retailer with optionality for the NEXT deal.
The asymmetry favors patience.
\## 🐻 THE BEAR CASE (READ THIS, DON'T SKIP IT) 🐻
I'm not going to pretend the risks aren't real because that's how apes get hurt:
\* Academic research: 60-70% of hostile mega-acquisitions destroy value over 3-5 years. AOL Time Warner, MSFT-aQuantive, Quaker-Snapple. Real graveyard.
\* RC has NEVER operated a business at $11B revenue scale
\* $2B synergy claim is RC's number, eBay hasn't validated it, he hasn't seen their books
\* Existing GME holders face 240%+ dilution if deal closes
\* Warrants ($1.9B potential cash) expire Oct 30, 2026 — likely BEFORE deal closes
\* Cohen option grant (171M shares) signals more dilution coming beyond eBay
\* eBay board hasn't engaged. Proxy fight will be ugly. Could take 12-18+ months.
\* Market is pricing significant deal failure risk for a reason
The dilution is real. The execution risk is real. Cohen could be wrong. This isn't a free trade.
\## 🦍 POSITION SIZING 🦍
This is NOT a quick squeeze trade. There is no mechanical setup forcing shorts to cover. The float EXPANDS post-deal, which is bearish for squeeze mechanics, not bullish.
This is a 3-5 year operator bet. Size accordingly:
\* Can you hold through a contested proxy fight?
\* Can you hold through regulatory review delays?
\* Can you hold through integration ugliness?
\* Can you hold through a quarter of disappointing combined-entity numbers?
If no to any of those, position size is wrong. If yes, this is the cleanest expression of "I believe in RC as a multi-year capital allocator" trade that exists.
\## 🚀 TLDR 🚀
\* RC quietly built 5% eBay stake Feb-May 2026
\* Dropped hostile $55.5B bid May 3, $125/share, half cash half stock
\* Financing IS real: $9.4B cash + $20B TD letter = $29.4B vs $27.75B needed
\* Spent 5 years prepping GME balance sheet for exactly this moment
\* eBay is fat: $2.4B S&M for 1M net new buyers, RC plans $2B cost cuts → EPS $4.26 to $7.79
\* Building Berkshire 2.0, not a video game store
\* 60-70% of hostile mega-deals fail. Risks real. Dilution real. Not a squeeze.
\* 3-5 year operator bet on RC. Size for the hold.
I am not a financial advisor. I am a regarded ape who reads SEC filings instead of sleeping. All numbers from May 3-4 2026 8-K, FY2025 earnings releases, and offer letter to eBay chairman. Verify yourself or stay regarded with me.
🚀🚀🚀 RC GOATED WITH THE SAUCE 🚀🚀🚀
Position: \[your call\]

> 449M / 1.56B = ~28.8% of the combined company
This is EXACTLY the number me and a few smarter folks were saying we were going to get and we're getting downvoted and talked about how we're wrong. It's not about slice size vs how big pie is. It's about the PERCENTAGE. THE RATIO.
WE ARE LOSING MORE OF OUR RATIO OF WHATEVER SLICE GME GETS OUT OF GME+EBAY. STOP SAYING THIS IS FKING FUD THIS IS A REALITY FOR FKS SAKES. I AM LOSING A PERCENTAGE OWNERSHIP OF WHATEVER GME IS WORTH AND THAT INTRINSIC VALUE IS BEING USED AS LEVERAGE FOR BUYING INTO WHAT COHEN WANTS TO DO.

BECAUSE YOU DUMB FUCKS CANT GET YOUR FILTHY DICKS OUT OF THE DEAD ROTTING HORSE IN FRONT OF YOU

Yes, I'm pointing out you are LEAVING OUT 1000+ companies that have IPO'd. Why didn't you include this in your analysis? My argument is that you're missing data and you're choosing to give a very narrow view of IPOs in general.
My evidence to back my argument is... there are 1000+ companies that have IPO'd in the last 20 years. Is this something you really need proof of?
If so, then you can go look at the NASDAQ IPO page and count them if you want: [https://www.nasdaq.com/market-activity/ipos](https://www.nasdaq.com/market-activity/ipos)
It's YOUR job to provide proof that these stocks are extremely overvalued compared to the rest of the other IPOs (the ones that aren't tech unicorns!) if you're going to make a claim.
And like I said before, the IPO market changes yearly because of sentiment and economic conditions- if you cannot recognize that, then IDK what to tell you.

RIGETTI DONT LET THE FLAME DIE OUT