Ryan Cohen Sparks GME, BBBYQ Stock Interest With ERP Tweet

InvestorPlace2023-06-28

Bed Bath & Beyond (BBBYQ) shareholders are once again speculating that GameStop (GME) Executive Chairman Ryan Cohen may be involved with the company.This follows a tweet from Cohen to SAP (SAP) CEO ...

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Guavaxf30
2023-06-28
Guavaxf30
Fooled once, it was a mistake. But to be fooled twice, it will be suicide.
Bs777
2023-06-28
Bs777
What a load of Fud and so smartly critical of cohen. We see what you're doing here haha

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Bed Bath plunged lower following the disclosure of the sale, angering shareholders in the process.BBBYQ Stock: Speculation of Ryan Cohen Involvement RemainsFollowing Cohen’s enterprise resource planning (ERP) tweet, shareholders were quick to speculate about a connection to BBBYQ. One of the quote tweets in response to Cohen’s post includes a screenshot of Bed Bath manager Richard Lang’s LinkedIn profile. The screenshot shows that Lang liked a post about SAP’s Sapphire 2023 event. Meanwhile, another response to Cohen’s post speculates that he could have purchased SAP’s ERP system for Bed Bath entirely. In 2021, the now-bankrupt company announced that it had selected Oracle (NYSE: ORCL) as its ERP provider.At this point, Cohen’s involvement with Bed Bath seems highly unlikely. Last week, Overstock (NASDAQ: OSTK) was announced as the winning bidder for Bed Bath’s intellectual property (IP) and digital assets. The online retailer won the auction with its stalking horse bid of $21.5 million. The winning stalking horse bid, which acts as an initial bid that cannot be undercut, implies that no other party bid above $21.5 million for the assets. A hearing to decide on court approval for Overstock’s winning bid will be held today.Bed Bath’s brick-and-mortar locations were not included in the winning bid, nor was its Buy Buy Baby subsidiary. On June 28, a court hearing will be held to decide the fate of Buy Buy Baby’s assets, which have received heavy interest. Online baby registry company Babylist was previously named as a suitor to acquire some of Buy Buy’s assets. 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But to be fooled twice, it will be suicide.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/768446784258464","repostId":2346863588,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192217121538320,"gmtCreate":1687936663371,"gmtModify":1687936668523,"author":{"id":"3579125915383486","authorId":"3579125915383486","name":"Bs777","avatar":"https://static.tigerbbs.com/55192fe99f22baba34436da27200cb77","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"What a load of Fud and so smartly critical of cohen. We see what you're doing here haha","listText":"What a load of Fud and so smartly critical of cohen. We see what you're doing here haha","text":"What a load of Fud and so smartly critical of cohen. We see what you're doing here haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192217121538320","repostId":2346863588,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2346863588"}