GameStop CEO's eBay account has been reinstated after it was suspended for 'suspicious activity'

"Ryan Cohen’s eBay auction briefly hit a snag: eBay itself. The GameStop CEO announced on Wednesday that he was "selling stuff on eBay to pay for eBay," a reference to the company's unsolicited bid, though any of his earnings here would be a drop in the bucket relative to the $56 billion deal offer. The lot includes a GameStop hat (current bid $4,650), Donald Trump baseball card (current bid $5,770), and socks (current bid $14,188)."

"Less than ten hours after his announcement, Cohen posted that his account had been suspended by eBay. A person familiar with the matter told Business Insider that eBay's system automatically flagged Ryan Cohen's account as suspicious activity due to the volume and price points of the listings that came from a new account. The account was manually reviewed and reinstated, the person said, adding that the initial suspension had nothing to do with Cohen and his GameStop proposal."

"Cohen said that he was on the phone with eBay customer support, sharing a phone screenshot with a notification purportedly from eBay that said he had reached a monthly $50,000 limit for items listed. Eight hours later, Cohen said that eBay suspended his account. He posted a screenshot of an eBay email on X that said Cohen's activities were "putting the eBay community at risk." "We understand that this must be frustrating, but this decision was not made lightly and it's important that we keep our marketplace safe for everyone," the image reads."

Ryan Cohen announced he was selling items on eBay to pay for eBay, referencing the company’s unsolicited bid. The listings included a GameStop hat, a Donald Trump baseball card, and socks with high current bids. Shortly after posting the listings, Cohen said eBay customer support informed him he had reached a monthly $50,000 limit, and later he reported that eBay suspended his account. He shared an email stating his activity put the eBay community at risk. eBay’s system flagged the account due to the volume and price points from a new account, followed by manual review and reinstatement. The proposal has drawn attention from retail traders and skepticism about funding.

Read at www.businessinsider.com