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

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.