Michael Burry of The Big Short Just Ditched All of His GameStop Stock After Years of Hype: ‘When Hundreds of Billions Are on the Table, Bet on Craven Greed’

Michael Burry said he sold his entire GameStop stake after losing confidence in the company’s debt-heavy plan to buy eBay.

The sale was his first since launching his newsletter and marks a reversal from his earlier bullish view of GameStop as a turnaround story.

Burry’s exit removes a prominent early backer and adds pressure on GameStop’s highly leveraged takeover proposal.