Burry said his investment is a long-term value play rather than a wager on renewed meme stock speculation.

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Five years ago, one of the wildest rallies in stock-market history came to a controversial halt. GameStop was the original meme stock. Frenetic trading in the company's shares helped create the retail ...

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Famed investor Michael Burry, perhaps best known for predicting the 2008 financial crisis, says he's putting his weight behind GameStop.