May. 10 at 12:23 PM
$AMC NFA
Burry announced the exit in a Substack post on May 4, 2026, citing GameStop's massive unsolicited
$55.5 billion bid to acquire eBay as the dealbreaker. While he had previously been bullish, calling the stock a "long-term value play" in early 2026, he stated the extreme leverage required for the eBay acquisition "shattered" his original investment thesis.
Wanna know something strange?
Did Michael Burry do the same thing in 2020 … just 30 days before the January GME squeeze.
Yes, that is correct. Michael Burry sold his entire GameStop (
$GME) position in the fourth quarter of 2020, just weeks before the historic short squeeze in January 2021.