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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Michael Burry Dumps GameStop — Warns $55.5bn eBay Takeover Is 'Road To Capitalist Hell'

Michael Burry GameStop eBay Ryan Cohen Wayfair Nvidia Bitcoin Amazon
Michael Burry had bought GameStop shares before it was a meme stock. (PHOTO: TheStreet/Facebook)

Michael Burry is known for his contrarian stock trades and netting hundreds of millions of dollars from his bet against the US real estate market before the 2008 global financial crisis. His trade was chronicled in the award-winning movie 'The Big Short.'

In January, Burry disclosed a position in GameStop, but he has reportedly offloaded the holdings recently amid CEO Ryan Cohen's plan to acquire eBay at $125 per share or roughly $55.5 billion.

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