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EBAYPYPLBULLISHFLIPPEDALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG · BEARISH IN JUNE → BULLISH IN JULY

AI operators target mature tech for roll-ups

A growing private equity playbook involves using AI-native operational leadership to acquire, modernize, and extract value from mature, non-founder-led tech businesses.

ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG CHANGED ITS VIEW

BEARISH FOR 3 WEEKS, THEN THE TURN
THEN23 JUN · BEARISHGameStop's leadership argues that a combination with eBay leverages complementary secondhand and collectible moats, enabling $2 billion in cost reductions and growth into live commerce and digital in-game asset marketplaces.NOW18 JUL · BULLISHA growing private equity playbook involves using AI-native operational leadership to acquire, modernize, and extract value from mature, non-founder-led tech businesses.

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