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Michael Burry exits GameStop after Ryan Cohen's $56B eBay bid breaks his investment thesis.

Market News
04 May 2026
Erica Kollmann
View Source
Bearish
pluang ai news

Michael Burry has sold his entire stake in GameStop following CEO Ryan Cohen's announcement of a $56 billion bid to acquire eBay. Burry stated that the large debt required for the acquisition conflicts with his original vision of GameStop as a low-debt, steadily growing company modeled after Berkshire Hathaway. This move marks a reversal from his earlier bullish stance, where he praised Cohen's capital allocation strategy. GameStop's stock fell over 10% in response to the news, reflecting investor concerns about the increased leverage and risk associated with the deal.

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