"Big Short" Michael Burry sells all GameStop holdings

robot
Abstract generation in progress

Golden Finance reports that on May 5th, according to The Wall Street Journal, “Big Short” Michael Burry liquidated his holdings in GameStop (GME.N), following GameStop’s announcement to acquire eBay (EBAY.O).
Burry stated on Monday that his previous investment logic—building GameStop into a Buffett-style company like Berkshire Hathaway through mergers and acquisitions—was incompatible with the large-scale debt financing required to acquire eBay, leading him to exit the investment.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin