GameStop Wants to Buy eBay

Introduction

GameStop wants to buy eBay. This news made the stock market move. A famous investor, Michael Burry, sold all his GameStop shares.

Main Body

GameStop wants to pay $56 billion for eBay. GameStop is a small company, but eBay is very big. GameStop does not have all the money. The boss, Ryan Cohen, says they can still do it. Michael Burry thinks this is a bad idea. He says GameStop will have too much debt. He does not want to own the company anymore, so he sold his shares. Burry also thinks other companies are too expensive. He thinks AI companies like Nvidia will lose money. He is betting that their prices will go down by 2027.

Conclusion

GameStop still wants to buy eBay. However, many people think the plan is too risky.

Learning

πŸ’‘ The 'Want' Pattern

In this story, we see a very useful word for A2 students: Want.

How to use it: Person/Company β†’\rightarrow want β†’\rightarrow to do something

Examples from the text:

  • GameStop wants to buy eBay.
  • GameStop wants to pay $56 billion.
  • He does not want to own the company.

πŸ’° Money Words

Let's look at the simple words used to talk about business:

WordSimple Meaning
SharesSmall pieces of a company
DebtMoney you owe to others
ExpensiveCosts a lot of money

πŸ“‰ Comparing Sizes

Notice how the author compares the two companies:

  • GameStop β†’\rightarrow small
  • eBay β†’\rightarrow very big

When one thing is opposite to another, we use 'but': "GameStop is a small company, but eBay is very big."

Vocabulary Learning

buy (v.)
to purchase something with money
Example:GameStop wants to buy eBay.
sell (v.)
to give something in exchange for money
Example:Michael Burry sold all his GameStop shares.
company (n.)
a business that sells goods or services
Example:GameStop is a small company.
money (n.)
currency used to pay for goods or services
Example:GameStop does not have all the money.
share (n.)
a part of a company that people can own
Example:Michael Burry sold all his GameStop shares.
plan (n.)
a set of actions to reach a goal
Example:many people think the plan is too risky.
risk (n.)
the chance of something bad happening
Example:the plan is too risky.
bad (adj.)
not good
Example:Michael Burry thinks this is a bad idea.
idea (n.)
a thought or suggestion
Example:a bad idea.
debt (n.)
money that must be paid back
Example:too much debt.
own (v.)
to have something as your property
Example:He does not want to own the company.
price (n.)
the amount of money that something costs
Example:their prices will go down.
down (adv.)
in a lower position or amount
Example:prices will go down.
big (adj.)
large in size or importance
Example:eBay is very big.
small (adj.)
not large
Example:GameStop is a small company.
market (n.)
a place where goods are bought and sold
Example:stock market move.
move (v.)
to change position
Example:the stock market move.
news (n.)
information about recent events
Example:This news made the stock market move.
famous (adj.)
well known
Example:A famous investor.
investor (n.)
someone who puts money into businesses
Example:Michael Burry is an investor.
boss (n.)
the person who runs a company
Example:The boss, Ryan Cohen.
think (v.)
to use your mind to form an opinion
Example:Michael Burry thinks this is a bad idea.
expensive (adj.)
costing a lot of money
Example:other companies are too expensive.
lose (v.)
to fail to keep or obtain something
Example:Nvidia will lose money.
bet (v.)
to risk money on an outcome
Example:He is betting that their prices will go down.
AI (n.)
Artificial Intelligence
Example:AI companies like Nvidia.
Nvidia (n.)
a technology company
Example:AI companies like Nvidia.