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GameStop stock rises 9% after eBay bid, sparking a meme stock surge.

02.05.2026 12:29

GameStop’s shares surged more than 9% during after‑hours trading on May 2, propelled by rumors of a possible takeover of eBay.

A Wall Street Journal article hinted that the video‑game retailer could be gearing up to acquire the e‑commerce giant, sending shockwaves through online investment forums. The revelation sparked an immediate rally among Reddit traders, reviving the meme‑stock phenomenon that had faded since the 2021 short‑squeeze episode.

Investors responded swiftly, flooding discussion boards with speculation about the deal’s potential and its ramifications for both companies’ futures.

Analysts caution that while enthusiasm is high, the proposed bid raises numerous regulatory and financial questions that could influence market sentiment in the coming weeks.