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May 4, 2026 8:01 PM

Burry Exits GameStop After Cohen's $56 Billion eBay Bid Shatters Berkshire Thesis

Michael Burry has unwound his GameStop Corp. (NYSE:GME) position, according to a Wall Street Journal report on Monday.   

GME stock is down. See the chart and price action here. 

CEO Ryan Cohen unveiled a plan for the videogame retailer to acquire eBay (NASDAQ:EBAY) for $56 billion, a deal that Burry says fundamentally breaks his bullish thesis on the company.

In a Monday note to his Substack subscribers, Burry said the debt load required to swallow eBay is incompatible with the vision he had bought into, one in which Cohen would slowly compound capital ...