'Big Short' Investor Michael Burry Exits GameStop After eBay Bid
Michael Burry sold his entire GameStop position Monday following the company's $55.5 billion eBay bid, which he said would saddle the firm with debt his bullish thesis could not absorb. The "Big Short" investor disclosed the sale Monday on his Substack, citing debt levels he said were incompatible with the "Instant Berkshire" thesis he had bought into in January. Burry claimed the deal would likely push GameStop's borrowings past the limits any disciplined buyer would accept. "The Instant Berkshire thes ...