- Michael Burry’s Twitter habit ended in a visit from federal regulators.
- “The Grand Fast” investor has blasted Tesla, bitcoin, Robinhood, and meme-stock shoppers.
- Burry indicated that he is just not any longer planning to tweet anymore.
- Gaze extra tales on Insider’s trade page.
Michael Burry’s incendiary tweets have piqued the hobby of federal regulators, the investor revealed this week.
“Tweeting and coming into into the news lately apparently has caused the SEC to pay us a visit,” the Scion Asset Management boss said in a now-deleted tweet.
“Graceful,” he continued, adding the hashtag “#nomoretweets.” He also linked to the song “Graceful” by Suicidal Tendencies, a hardcore punk band, and changed the header image on his Twitter profile to a pile of bricks.
Burry shot to fame after his billion-dollar bet against the US housing bubble within the mid-2000s was spotlighted within the e book and the movie “The Grand Fast.” His Scion fund owned $225 million of US shares at the raze of 2020, including roughly $30 million stakes in Pfizer and Citigroup and a $20 million stake in Kraft Heinz.
The investor has used Twitter to warn of speculative bubbles in markets and predict a devastating crash. He’s also tweeted criticism of Tesla – which he’s quick – as properly as bitcoin, Dogecoin, Robinhood, and the GameStop buying frenzy this year. On the diversified hand, he lately praised Volkswagen and said he owned a stake within the automaker’s largest shareholder, Porsche SE.
Burry signaled he was taking a break from Twitter earlier this month, telling his followers he had made his views clear. His latest tweet suggests he is just not any longer planning a return anytime rapidly.
It’s unclear which of Burry’s tweets attracted regulatory attention. Scion and the SEC didn’t immediately answer to requests for comment from Insider.