GameStop's proposed $56 billion acquisition of eBay has become a major topic on social media, with investors expressing both excitement and deep skepticism over the potential "minnow swallowing the whale" merger.

GameStop CEO Ryan Cohen has proposed buying the e-commerce giant eBay for $125 per share in a mix of cash and stock, representing a roughly 20% premium over eBay's latest closing price. This bold move aims to combine GameStop's physical retail network with eBay's online platform to jointly challenge Amazon's market dominance.

However, the market remains largely skeptical of this "minnow swallowing the whale" type of acquisition. Investors have voiced strong concerns about GameStop's ability to finance the deal. GameStop's current market capitalization is less than $12 billion, only about a quarter of eBay's size. Although Cohen has claimed to secure a $20 billion debt financing commitment from TD Securities, this falls far short of covering the total $56 billion acquisition price. The remaining massive funding gap is expected to be filled by issuing a significant amount of new shares, which would severely dilute the interests of existing shareholders.

Prominent investor Michael Burry is among the vocal skeptics. He has sold all of his GameStop stock and described the deal's strategy as simply "unexceptional."

Currently, eBay's stock price trades significantly below the $125 per share offer, and its market capitalization is even lower than that of Snapchat's parent company, reflecting the market's deep doubts about the likelihood of the transaction being completed.