Oh, the fickle fortunes of the stock market! GameStop (GME), that darling of the meme-stock frenzy, has taken a tumble after the ever-dramatic Michael Burry, he of “The Big Short” fame, decided to dump his entire stake faster than a wizard dropping a hot potato.
In a move that would make even the Auditors of Reality raise an eyebrow, Burry announced his grand exit on his Substack, a platform he’s been using to dispense wisdom (and, apparently, divestments) since its launch. “First divestment!” he cried, as if unveiling a particularly tricky hat trick.
Follow us on X for more financial folly as it unfolds, because who needs stability when you have chaos?
Michael Burry exits his entire $GME position.
The “Big Short” legend just dumped his FULL GameStop stake after Ryan Cohen’s $56B eBay acquisition announcement, a move so bold it makes the Ankh-Morpork Merchants’ Guild look like amateurs.
Burry was hoarding $GME like a dwarf with gold in January 2026, buying at 1x tangible book value with a thesis so massive it could’ve been written by a golem. $GME is down…
– BeInCrypto (@beincrypto) May 5, 2026
GameStop stock ended Monday at $23.84, down 10.14%, a drop so steep it could rival the Cliffs of Bandle. And, as if that weren’t enough, it continued its descent in after-hours trading, dipping 1.22% to $23.55. Google Finance, ever the bearer of bad news, confirmed the tragedy.
Burry’s dramatic exit came hot on the heels of GameStop’s non-binding $55.5 billion proposal to acquire eBay, a move so audacious it makes the Patrician’s schemes look like child’s play. The offer, split evenly between cash and stock, would see Ryan Cohen take the helm as chief executive, because why not add another layer of complexity to this financial farce?
Burry, who first disclosed his GameStop position in January, was apparently not a fan of Cohen’s grand eBay adventure. “I may not last the week with my GameStop position fully intact,” he wrote in a note that dripped with more drama than a Lancre coven meeting. “I will certainly sell to an extent, perhaps all or some, but alas, no, not none.”
“My Berkshire Hathaway-style blueprint for GameStop was as incompatible with Cohen’s eBay deal as a troll in a library,” Burry added, presumably while adjusting his monocle.
Read More
- Last Furry: Survival redeem codes and how to use them (April 2026)
- Clash of Clans “Clash vs Skeleton” Event for May 2026: Details, How to Progress, Rewards and more
- Clash of Clans May 2026: List of Weekly Events, Challenges, and Rewards
- Gear Defenders redeem codes and how to use them (April 2026)
- Neverness to Everness Hotori Build Guide: Kit, Best Arcs, Console, Teams and more
- Brawl Stars Damian Guide: Attacks, Star Power, Gadgets, Hypercharge, Gears and more
- Total Football free codes and how to redeem them (March 2026)
- Mapping the Public Mind: Social Media as a Real-Time Sensor
- Clash Royale Season 83 May 2026 Update and Balance Changes
- The Division Resurgence Best Weapon Guide: Tier List, Gear Breakdown, and Farming Guide
2026-05-05 06:36