If he takes over eBay, Ryan Cohen will cut approximately $2 billion of costs out of eBay's roughly $5.5 billion operating expense base to immediately improve earnings.
“So there are three areas. Number one is on immediately improving earnings through cutting costs and pulling $2 billion of costs out of the business” View on YouTube
eBay's board rejected GameStop's $56B takeover bid on May 12, 2026 as 'neither credible nor attractive,' and Cohen is now reportedly considering withdrawing it in favor of a partnership instead, so the conditional premise ('if he takes over eBay') was never fulfilled.