Ryan Cohen was only offered store credit as trade-in value for his time as GameStop CEO, so he’s trying to buy eBay in one of the most foolish business moves we’ve ever seen. Also: Circana Report on U.S. Video Game Spending for March 2026, Microsoft, EA, Remedy, Earnings, the latest labor happenings, and Pearl Abyss dumps CCP for half of what it paid for it. Half Cash, Half Stock.

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TIME STAMPS

• [00:01:41] – Circana Report on U.S. Video Game Spending for March
• [00:15:42] – Microsoft Q3 FY26 Earnings,, and 
• [00:24:01] – Xbox Leadership Shakeup 
• [00:33:14] – Former Art Director at Halo Studios Alleges Unlawful Conduct and Harassment 
• [00:39:03] – Games Sue Nintendo to Recapture Tariff Fees & U.S. Patent Office Revokes Nintendo Patent
• [00:41:40] – Electronic Arts Earnings for Q4 FY26 and Full Year FY26
• [00:44:45] – Remedy Earnings for Q1 FY26
• [00:48:45] – Investment Interlude Headline Story: GameStop’s Ryan Cohen Makes Unhinged Offer for eBay (and Bombs CNBC Interview)
• [01:04:05] – Investment Interlude
• [01:08:47] – Quick Hits
• [01:29:00] – Labor Report

SOURCES

• Microsoft Q3 FY26 Earnings  | Microsoft
• Former Halo Art Director Accuses Microsoft of Harassment (Part 1) | Glenn Israel on LinkedIn
• Former Halo Art Director Accuses Microsoft of Harassment (Part 2) | Glenn Israel on LinkedIn
• Electronic Arts Reports Q4 and FY26 Results | EA
• Gamers Sue Nintendo To Get Tariff Money Back | Aftermath
• US patent office revokes Nintendo’s patent on summoning characters to make them battle | VGC

INVESTMENT INTERLUDE

• GameStop Proposes to Acquire eBay at $125.00 Per Share | GameStop
• Watch CNBC’s full interview with GameStop CEO Ryan Cohen | CNBC
• Warner Bros. shareholders “overwhelmingly” back Paramount’s $111bn acquisition | GamesIndustry
• Shift Up has acquired Resident Evil creator Shinji Mikami’s new studio | Game Developer
• Sony Interactive Entertainment Acquires Cinemersive Labs | Sony
• Atari acquires emulation studio Implicit Conversions | Game Developer
• Pearl Abyss sells CCP back to its CEO for less than half what it paid, plus $20 million in crypto | GamesIndustry

LABOR REPORT

• Sony shuts down Dark Outlaw Games and downsizes mobile games development as PlayStation continues to rethink plans | Eurogamer
• Wanderstop Developer Ivy Road is Shutting Down | Ivy Road
• Seeker Entertainment is Pausing Production, Furloughing Team | Seeker Entertainment
• Four Nacon subsidiaries file for insolvency | GamesIndustry
• GreedFall: The Dying World studio Spiders is reportedly closing its doors after parent company Nacon failed to find a buyer | Eurogamer
• Embracer Lays off 124 at Eidos-Montreal | Eidos-Montreal on LinkedIn
• EXCLUSIVE: Eidos Montreal Cancels 7+ Year In-Development Title That Cost Hundreds of Millions | Insider Gaming
• VR developer Polyarc Games facing layoffs, unspecified number of employees affected | GamesIndustry
• MechWarrior studio Piranha Games lays off 30% of its employees | PC Gamer
• Iron Galaxy lays off more people, says it still had too many employees even after 2025’s ‘last resort’ cuts | PC Gamer
• Dead by Daylight studio Behaviour Interactive confirms layoffs | Game Developer
• Neill Blomkamp’s blockchain studio Gunzilla Games hasn’t paid some staff ‘for many months’, employees allege | VGC
• Gunzilla CEO Denies Claims Of Not Paying Staff, Rants About ‘Haters,’ And Brags About Crunch
• MindsEye studio faces new legal action over employee surveillance software that workers’ union alleges was ‘recording individuals in their homes and without their consent’ | PC Gamer
• MindsEye Studio Hit With More Mass Layoffs Just As It Was Promising A Turnaround | Kotaku
• Paste Ends The Games Coverage That Gave So Many Writers Their Start | Aftermath
• Ubisoft Settles With Developers Who Were Laid Off After Unionizing | Kotaku
• Announcing United Wizards of the Coast – CWA! | CWA