Fate of Michael Burry's $4.3 million Alibaba bet revealed

Given his generally bearish attitude and ability to see movements few others can, most dramatically demonstrated with ‘The Big Short’ in the context of the 2008 crash, new 13-F filings by Michael Burry and Scion Asset Management are always exciting to see. The previous record, for example, revealed a $4.3 million bet on the Chinese technology giant Alibaba (NYSE: BABA), a wager against the semiconductor industry in the middle of the artificial intelligence (AI) boom, but also a highly lucrative investment i ...