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

[https://www.ibtimes.co.uk/michael-burry-criticizes-gamestop-ebay-acquisition-1795145](https://www.ibtimes.co.uk/michael-burry-criticizes-gamestop-ebay-acquisition-1795145)

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.

Burry, who had purchased GameStop years earlier, before it was a meme stock, is among the most prominent bulls of the company. However, Cohen's eBay plan would mean GameStop is preparing to compete with retail giants like Amazon.