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Michael Burry sells all GameStop shares after its $55B bid for eBay, sparking a 10% stock drop.

Market News
05 May 2026
Finbold
View Source
Bearish
pluang ai news

Michael Burry, famed 'Big Short' investor, sold all his remaining GameStop shares shortly after GameStop announced its $55 billion unsolicited offer to buy eBay. This marked Burry's first sale since launching his Substack blog and signals skepticism about the deal's viability. GameStop's stock plunged over 10% following the sale, while eBay's shares rose modestly but stayed below the $125 offer price. The deal faces doubts due to GameStop's smaller size and the ambitious nature of the acquisition, despite potential $20 billion debt financing and CEO Ryan Cohen's plans to cut costs and compete with Amazon.

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