Michael Burry's largest stock bet boosted by $25B buyback plan

Renowned investor ‘The Big Short,’ Michael Burry, celebrated for his lucrative investments during the 2008 recession where he accurately foresaw the housing market collapse, is poised to reap substantial gains from his confidence in Alibaba Group Holdings (NYSE: BABA) stock following recent developments.Specifically, Alibaba announced its repurchase of shares totaling $4.8 billion in the quarter ending March, marking its second-largest buyback ever and largest quarterly after bolstering its stock buyback pr ...