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 ...

GameStop's eBay Bid Gives Michael Burry Paper Hands - Moby BREAKING NEWS Michael Burry exited his entire GameStop position Monday after the company's unsolicited $55.5 billion bid for eBay convinced him the "Instant Berkshire" thesis he'd been building was dead on arrival. "Never confuse debt for creativity," Burry wrote in a Substack post announcing his exit, GameStop's first sale since he started writing publicly about the position. The problem, as Burry laid it out is that any path to closing a deal ...