$EBAY

Goldman Sachs says enterprise AI productivity gains have not yet shown up broadly, as spending is still focused on infrastructure. In a research note, strategist Ben Snider proposes a framework using labor exposure to AI automation to flag Russell 1000 beneficiaries. The list includes CoStar Group, Dollar Tree, and eBay, with software, services, finance and biotech highlighted.

eBay UK will update Simple Delivery home-delivery rates from Sept 1, using five value bands (£0-£75, £75-£100, £100-£150, £150-£375, £375-£750) and parcel size/weight and enabled couriers. It is also offering free Click & Collect for eligible fashion items priced £20 or less (Sept 1-Oct 31). eBay cites managed shipping growth and plans to expand shipping initiatives.

Bloomberg, citing people familiar with the matter, reported GameStop is considering withdrawing its earlier cash-and-stock bid to acquire eBay, valued at about $56 billion. GameStop may instead propose a partnership or joint venture using its roughly 1,600 US retail locations. GameStop shares are down about 5% YTD, while eBay is up about 25%.

After its Q2 earnings, Goldman Sachs updated an “AI Productivity Beneficiaries” basket by screening Russell 1000 firms for high labor costs versus sales and wage-bill exposure to AI automation. CoStar Group (CSGP) led, with 37% wage-bill exposure and labor costs at 31% of sales. Dollar Tree (DLTR) and eBay (EBAY) followed; Arthur J. Gallagher (AJG) and Brown & Brown (BRO) also ranked.

Goldman Sachs says investors have focused on AI infrastructure more than AI productivity beneficiaries. It reports Q2 S&P 500 EPS growth of 31% YoY, with infrastructure about half. Only 11% of S&P 500 firms quantified AI productivity impacts. Goldman estimates AI inference is <0.5% of S&P 500 revenues and has screened 20 stocks, including EBAY and CS GP.

Bloomberg News reports GameStop Corp. is considering withdrawing its bid to acquire eBay Inc. No bid terms have been publicly disclosed, and neither company has confirmed the talks. A deal would combine GameStop’s retail and e-commerce strategy with eBay’s marketplace. A withdrawal could affect trading in both stocks.

eBay launched a new marketing partnership for its recently acquired Depop, teaming with Spotify on artist storefronts and a two-day Los Angeles activation Aug. 13-14. The deal’s cost and sales targets were not disclosed. The $1.4B Depop acquisition closed July 30. Analysts at Wells Fargo and Citizens warned Depop may need higher marketing spend, citing Citizens’ 2026 estimate of over $250M.

GameStop CEO Ryan Cohen is reportedly considering withdrawing his $56 billion, non-binding eBay takeover bid after limited Wall Street reception, Bloomberg said. He may instead propose a partnership giving eBay access to GameStop’s ~1,600 US stores and a board seat. eBay shares fell about 4% to $107.71; GameStop fell about 2% to $18.79.

Sources say GameStop, led by Ryan Cohen, has dropped plans to buy eBay for $56 billion. After a May offer of $125 per share, GameStop’s market value fell about a third while eBay shares rose, making the cash-and-stock deal harder and raising debt concerns. GameStop is considering a partnership or joint venture using its ~1,600 US stores. No final decision yet.

GameStop CEO Ryan Cohen may abandon GameStop’s planned $56 billion eBay bid, according to the article, while noting GameStop holds about a 9.8% economic stake in eBay. GameStop reported Q1 FY2026 revenue of $835.3M (+14% YoY), net income $389.6M, and expects adjusted EBITDA over $600M in FY2026. The stock has a consensus “Hold” with a $13.5 target.