- Michael Burry’s Twitter habit led to a visit from federal regulators.
- “The Big Short” investor has blasted Tesla, bitcoin, Robinhood, and meme-stock buyers.
- Burry indicated that he’s not planning to tweet anymore.
- See more stories on Insider’s business page.
Michael Burry’s incendiary tweets have piqued the interest of federal regulators, the investor revealed this week.
“Tweeting and getting in the news lately apparently has caused the SEC to pay us a visit,” the Scion Asset Management boss said in a now-deleted tweet.
“Lovely,” he continued, adding the hashtag “#nomoretweets.” He also linked to the song “Lovely” 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 in the mid-2000s was spotlighted in the book and the movie “The Big Short.” His Scion fund owned $US225 ($290) million of US stocks at the end of 2020, including roughly $US30 ($39) million of bullish call options on both Pfizer and Citigroup, and $US20 ($26) million in Kraft Heinz calls.
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 short – as well as bitcoin, Dogecoin, Robinhood, and the GameStop buying frenzy this year. On the other hand, he recently praised Volkswagen and said he owned a stake in 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’s not planning a return anytime soon.
It’s unclear which of Burry’s tweets attracted regulatory attention. The SEC declined to comment. Scion didn’t immediately respond to a request for comment from Insider.
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