“When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.
It is worth noting that Burry had taken a bullish stance on video-game retailer GameStop in 2019, a stock that saw a sharp rally driven by retail investors in January 2021.
In May, Burry’s Scion Asset Management reported a short position against Tesla worth more than half a billion.