🔴 EBAY slides 4.3% amid ongoing uncertainty over GameStop's unsolicited takeover bid

Shares of EBAY are trading down 4.3% at $110.31, extending a pullback as investors digest the ongoing takeover situation involving GameStop.

• The e-commerce giant has been in the spotlight since rejecting an unsolicited $56 billion ($125 per share) acquisition proposal from GameStop CEO Ryan Cohen earlier in the month.
• News reports today are focused on Wall Street's speculation about Cohen's next move after he stated he would pursue the acquisition using 'all necessary means,' creating uncertainty around the stock.