- Michael Burry has deleted his Twitter profile.
- “The Broad Short” investor swore off tweeting in March after SEC officers visited him.
- Burry has warned of bubbles in stocks, cryptocurrencies, and somewhat a couple of sources this one year.
- Stare more reports on Insider’s enterprise internet page.
Michael Burry has deleted his Twitter profile, signaling an raze to his dire warnings about rampant speculation and excessive valuations in financial markets.
“This story doesn’t exist” is the message that now greets site visitors to the Scion Asset Administration chief’s Twitter internet page. Burry beforehand had a telling image of his bookshelf as his header image. As currently as Monday, his bio highlighted several heavy-steel bands and known as for boycotts of Amazon, Fb, Coca-Cola, and Major League Baseball.
Burry is easiest known for his billion-dollar bet against the US housing bubble in the mid-2000s, which became immortalized in the book and the movie “The Broad Short.” He also helped lay the groundwork for the GameStop short squeeze in January, as he bought a stake in the video-video games retailer in 2019 and penned several letters to its board.
The investor vowed to remain tweeting final month after federal regulators paid him a consult with. Earlier than that, he weak Twitter to discipline warnings about Tesla stock – which he is short – as well to GameStop, bitcoin, Dogecoin, SPACs, inflation, and the broader stock market.
As an illustration, Burry when put next the hype spherical bitcoin, electrical vehicles, and meme stocks to the dot-com and housing bubbles in February. He cautioned that these sources had been “pushed by speculative fervor to insane heights from which the autumn can be dramatic and painful.”
The Scion chief also acknowledged in February that the stock market became “dancing on a knife’s edge,” and slammed stock-buying and selling app Robinhood as a “terrible casino.” Furthermore, he blasted the GameStop short squeeze as “unnatural, insane, and terrible” in January.