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After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position

After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg. In a Monday post to his Substack subscribers, Burry said a potential $56 billion cash-and-stock acquisition would likely require too much debt and no longer aligned with his original thesis for GameStop. He had previously backed the company in 2019, a move that helped spark investor enthusiasm around the stock. Burry wrote: “Wall Street does indeed mistake...
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