TLDR
- GameStop stock jumped as much as 13% in after-hours trading Monday after cryptic posts appeared on Roaring Kitty’s social media account, then quickly dropped when the posts were deleted.
- Chewy stock also rose up to 3% on the activity before erasing those gains.
- Speculation is growing around a possible GameStop–eBay merger after Ryan Cohen removed GameStop from his social media bio and eBay appeared on GME’s investor relations page.
- GameStop filed with the SEC to increase authorized Class A stock from 1 billion to 2.5 billion, citing potential acquisitions.
- GameStop has proposed acquiring eBay for roughly $56 billion, with Cohen pitching $2 billion in annual cost savings.
GameStop stock spiked and then fell in after-hours trading Monday, triggered by a brief burst of activity on the social media account of Keith Gill, better known as Roaring Kitty.
The stock jumped as much as 13% before reversing those gains and trading lower. The reversal came after the posts — one showing a cat, another showing Pepe the Frog wearing Roaring Kitty’s signature red bandanna — were deleted around 5:40 p.m. New York time, less than an hour after they first appeared.
Chewy stock followed a similar path, rising as much as 3% before erasing the move. Chewy was founded by GameStop CEO Ryan Cohen.
This isn’t the first time Gill’s posts have moved markets. A cryptic message in late 2024 sent GameStop flying and triggered a volatility halt. AMC Entertainment also jumped during that episode.
eBay Speculation Heats Up
The after-hours action came on a day already buzzing with speculation about a possible GameStop–eBay tie-up.
Investors noticed that Cohen had removed GameStop from his social media bio. Around the same time, eBay appeared in GameStop’s investor relations page. Neither company has confirmed any merger discussions.
The IR page update links to regulatory filings related to GameStop’s proposal to acquire eBay for roughly $56 billion. If completed, it would be one of the largest takeover attempts ever by a company of GameStop’s size.
Cohen’s pitch includes $2 billion in annual cost savings within a year of closing a deal, with Cohen himself taking over leadership of the combined company.
Share Expansion Filing Adds Fuel
Also on Monday, GameStop filed with the SEC to increase its authorized Class A stock from 1 billion to 2.5 billion. The company said the move is intended to support acquisitions, fundraising, and corporate restructuring.
Since putting forward the eBay proposal, Cohen has publicly criticized eBay’s financial performance, pointing to shrinking operating profit and rising costs.
Not everyone is buying in. Michael Burry — the investor known for the “Big Short” trade — has exited his position in GameStop, raising questions about the company’s rising debt load.
Anthony Pompliano, CEO of Professional Capital Management, said on X that he plans to interview Cohen on Tuesday.
So far in 2026, eBay stock is up over 24%. GameStop stock is up over 15%.
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