GameStop approves $2B stock buyback after eBay-related selloff, boosted by collectibles sales.

GameStop announced a $2 billion stock buyback plan approved by its board, effective through June 2029. This move follows a selloff triggered by a controversial bid for eBay. The company also reported a 14% sales increase in the first quarter, driven in part by collectibles. The buyback replaces a previous authorization from 2019, signaling confidence in the company's future despite recent market volatility.