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'Big Short' investor Michael Burry paved the way for the GameStop frenzy when he bought a stake in 2019. Here's the story of Burry's game-changing bet.

'Big Short' investor Michael Burry paved the way for the GameStop frenzy when he bought a stake in 2019. Here's the story of Burry's game-changing bet.

Christian Bale acting as Michael Burry in "The Big Short."
The Big Short/Netflix



Michael Burry of "The Big Short" laid the groundwork for the GameStop short squeeze.



The Scion Asset Management boss purchased a stake in the video-game retailer in 2019.



He also pushed for changes in three letters to GameStop's bosses.



Visit Business Insider's homepage for more stories.

"The Big Short" investor Michael Burry unknowingly lit the spark that ultimately led to the GameStop frenzy last week.Burry bought a stake in GameStop in 2019 because he determined the stock was undervalued. He penned three letters to the video game retailer's bosses, urging them to buy back shares and clean up their act.He couldn't have imagined his efforts would help to motivate thousands of day traders on a Reddit forum, Wall Street Bets, to orchestrate a short squeeze and boost GameStop shares by as much as 2,500% in a matter of weeks.
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