eBay Outage Map

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eBay Issues Reports

Latest outage, problems and issue reports in social media:

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  AJ (@CardGameNomad) reported 1 minute ago

  @LlcPickaxe @Catscollecttcg @Gintonki I'll give him credit, he's amazing when the market's down. I'm talking $85 booster boxes at times. But when the market's high, he's one of the biggest causes of the problem with pricing. And because he sells so much volume, he's the seller eBay pushes the most.

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  Nick Holt FPV (@nicksfpv) reported 6 minutes ago

  @Prof_Atikin The phantasmal zard is gonna go way down. There are SOOOOOOO many at card shows and on eBay.

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  Fluff (@SenorFluffy33) reported 7 minutes ago

  Dropped my Chase down to $2,250 on eBay and received a $2,100 offer. Will open this up to those here on Twitter eBay offer would net me basically my in on the card. Hoping to get a bit more/save on fees. Any interest at $1,900 shipped on the timeline? I am the direct at $1,775 Retweets appreciated!

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  WhatCanIMakeToday (@WhatCanIMT) reported 8 minutes ago

  @BoilerPaulie @ValueAddedRS @ryancohen Actually far worse. If your senior team needs people to dumb it down for them, that means the senior team can’t handle complexity. eBay, quite literally, led by dumb dumbs.

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  Corbin Keith (@CorbinKeith) reported 8 minutes ago

  @MangiMi2 Ok but again, your issue is with ebay and the process, not the seller. The message and posting shows nothing nefarious from the seller, and at this point there isn't anything he can do since it is through authentication.

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  🏴󠁧󠁢󠁥󠁮󠁧󠁿InsideLucysHead🏴󠁧󠁢󠁥󠁮󠁧󠁿© (@InsideLucysHead) reported 9 minutes ago

  A Soda Called Sup... Back in the 80's, the Coca-Cola company sold Sup, a combination of Sprite, 7 Up, and a secret ingredient that was never revealed. It was a beloved beverage that was unfortunately discontinued within a couple of months and without any intention of going back on store shelves. People started buying Sup like crazy, clearing out whole market shelves just to hoard that lemony taste. Eventually, Sup became a collector's item, selling for as much as £100 a bottle. During this craze, there were, of course, scammers. One such scammer, named Dave, came up with a way to make a quick quid. Dave would take old Coke cans and painstakingly remove the label on the front and replace it with the iconic Sup logo. Then, he would fill the cans with Sprite, 7 Up, and a dash of cinnamon to recreate the flavour, despite the concoction tasting nothing like Sup. Finally, he'd reseal the can and sell it on eBay. Within time, people started buying his fake Sup, raking in hundreds and hundreds of pounds. This scheme was not for nothing. Dave had a problem. Specifically, he was addicted to *******. He funnelled all the money he made from his fake Sup sales straight to his dealer to get more and more of his ivory vice. So I guess you could say that Dave was getting high on his own Sup lies.

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  Julie Wade (@julie_wade) reported 14 minutes ago

  The Activist’s Weapon: Deconstructing GameStop’s $4 Billion Synthetic Long on eBay How Corporate Treasuries Weaponize Derivatives Microstructure to Force Physical Delivery and Bypass Traditional Risk Constraints When standard institutional funds trade multi-billion-dollar derivative books, they are usually hunting for alpha, managing delta, or avoiding margin-call liquidations. But when a cash-rich corporate treasury plays the options market, the rules of financial gravity warp completely. The recent revelation that GameStop (GME) converted its massive derivatives footprint into a direct 9.8% voting stake in eBay (EBAY) provides a masterclass in modern activist market microstructure. Let’s break down the quantitative dynamics of this trade, how it survived dealer-hedging feedback loops, and why traditional risk metrics failed to predict the outcome. 1. The Anatomy of a $4 Billion Synthetic Long A synthetic long position replicates the linear payoff profile of owning stock by simultaneously: Buying an at-the-money, or near-the-money, call option; and Selling or writing an identical put option with the same strike price and expiration date. According to traditional put-call parity, the relationship is: Call premium minus put premium equals the current stock price minus the present value of the strike price. In plain terms: C represents the call premium. P represents the put premium. S represents eBay’s current stock price. K represents the strike price. T represents the expiration date. r represents the applicable interest rate. Leverage Amplification and Notional Exposure The math: GameStop accumulated options representing roughly 39 million underlying shares at an average strike price of approximately $101.30. The notional footprint: This created an enormous total notional exposure of approximately $3.96 billion. The volatility multiplier: Because of the position’s massive scale, even minor percentage movements in the underlying stock produced enormous absolute changes in mark-to-market profit and loss. A “small” 2% adverse move on a roughly $4 billion book creates an immediate $80 million paper drawdown. 2. Microstructure and the Dealer-Hedging Trap When a single participant builds a multi-billion-dollar synthetic position, it alters the risk profile of the entire options chain. The market makers—or dealers—sitting on the opposite side of GameStop’s trade were forced to hedge their exposure dynamically. Because the dealers were short the synthetic long—short calls and long puts—their position carried negative delta. To remain delta-neutral, the dealers had to buy billions of dollars of underlying eBay stock in the open market. The sequence was straightforward: GameStop builds a long synthetic position. Dealers inherit the opposing short-synthetic exposure. That exposure produces negative delta. Dealers must buy eBay shares in the open market to hedge it. The Gamma Loop If the underlying stock price drops, dealers encounter gamma—the rate at which delta changes as the stock price moves. In plain terms: Gamma measures how quickly an option position’s delta changes in response to a change in the underlying stock price. As eBay’s share price decreases, the dealers’ required hedge ratios shift rapidly. In a typical speculative environment, this can trigger a negative feedback loop. A falling stock price forces dealers to unwind—or sell—their hedges to remain neutral, potentially accelerating the downside through a classic domino effect or volatility-clustering cascade. 3. Risk Tolerance: War Chests Versus Margin Triggers In a standard hedge-fund framework, an adverse swing on a multi-billion-dollar derivative position triggers immediate internal risk-management mechanisms. Value-at-Risk Breaches Escalating volatility can automatically force the fund to reduce its position. Psychological and Board Pressure Stop-losses may be triggered to protect capital and quarterly performance reporting. Collateral and Margin Calls Leveraged participants can be forced to liquidate at the worst possible structural moment, as demonstrated by the Archegos collapse. The GameStop Anomaly GameStop’s internal team—with Director Julie Wade highlighting the strategy—explicitly noted that the company held through a $12 million drawdown during the accumulation phase. On a roughly $4 billion notional book, a $12 million drawdown represents an incredibly tight variance of approximately 0.3%. More importantly, GameStop’s massive cash reserves—billions of dollars raised through previous equity offerings—insulated the company from systemic stress. GameStop was not trading on borrowed prime-brokerage margin. Because it possessed the hard capital necessary to purchase the underlying notional asset, the dealer-driven “gamma dominos” had no capacity to force it out of the position. 4. The Structural Shift: Physical Settlement Over Cash Rollover This is where the strategy shifts from a purely quantitative trade into a corporate hostile-takeover play. Standard quantitative funds almost always cash-settle or roll their expiring options. Their objective is to capture price discrepancies without taking delivery of the physical asset. GameStop did the exact opposite. A standard quantitative fund typically follows this path: Synthetic long → Cash settlement or rollover → Financial alpha extracted The corporate activist followed a different path: Synthetic long → HSR clearance → Physical delivery → 9.8% voting power After clearing the necessary regulatory hurdles—specifically satisfying Hart-Scott-Rodino antitrust requirements—GameStop elected to take physical delivery of the 39 million shares. Instead of treating the options as an ongoing mark-to-market accounting problem, GameStop handed over approximately $3.97 billion in cash and demanded the stock. Instantly, a paper derivative position transformed into a physical 9.8% block of common equity—complete with voting rights, boardroom influence, and strategic leverage. 5. The “Monopoly Money” Paradox For retail traders and legacy funds, a multi-billion-dollar derivative position represents an extraordinarily high-stakes risk calculation. But when an activist corporate treasury holds a structural cash surplus, the traditional mechanics of profit and loss undergo a profound paradigm shift. At this point, it is just monopoly money to them. The more they lose, the more voting shares they acquire. They will either make profits on their longs—or take stock when the market moves against them. When an entity is completely unleveraged and indifferent to short-term mark-to-market pain, price depreciation is no longer simply a risk. It becomes a discount. If the market rises, the synthetic long generates billions of dollars in financial profit. If the market falls, GameStop can absorb the temporary paper drawdown, trigger physical settlement, and acquire the company’s equity at a lower cost basis. That is the ultimate asymmetric corporate macro play: Heads, they win financial alpha. Tails, they absorb your voting power. $GME $EBAY @ryancohen

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  Discombobulator (@el_p0m0d0r0) reported 15 minutes ago

  @RegiStonk 20 year ebay account. If he acquires, I am taking it down. They will have no choice but to raise fees to cover all the crushing non investment quality debt

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  DarkWingCarter (@DarkWingCarter) reported 17 minutes ago

  Gamestop stopped being primarily a game store years ago. My Gamestop was a merch store with a limited game selection before it was shut down due to corporate mismanagement (let's not forget this is the same company that bid on Ebay lol)

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  MangiMi (@MangiMi2) reported 19 minutes ago

  @CorbinKeith It is now with them, but it shouldn’t have to be. He missed it. He admitted in messages he missed it but didn’t want to resolve it. He’s hiding behind the authentication which has happened thousands of times and thousands of buyers have had this exact issue. eBay misses it or lets it slide and the seller hides behind it. Shouldn’t be a lengthy process. You fuxked up just fix it.

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  OnlyCharizard (@OnlyCharizard) reported 19 minutes ago

  @Zodyrus Try and sell your proxies on ebay & youll get them taken down & your account suspended. Why? because they are ILLEGAL & Pokemon goes after the people selling them. Dont listen to some random ******* on Twitter. Email Pokemon what is legal & what isnt. You are breaking the law

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  FELIX (@silverwrinse) reported 20 minutes ago

  @EveryoneKnws1 @visionergeo Have a look on eBay... TU-95 tail section. Better still drive down to Wildberries

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  Laiari Thee Echidna (@LaiariBlackaddr) reported 21 minutes ago

  @Sizzstar2 I'm so scared of shopping on eBay and spending that much for it. But Imma have to and soon once I pay down every thing else as far as bills are concerned. I need a new PC. My laptop is like 7 years old.

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  LemonDrop💛💛👸 (@Lemondrop49) reported 22 minutes ago

  @Fibutton How is the Boost thing fair? So regular non paying users get pushed down. Like Ebay. Makes it impossible to use.

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  Packo (@Packo0417) reported 25 minutes ago

  @LorcanaVillain Did I not just explain 3 times it comes down to eBay sellers yeah I know what the cards are going for, there not even going for msrp anymore after yesterday, I explained why the game has skyrocketed, being a eBay seller is a business to some, that's why the game is "exploding"