GameStop’s meme stock status has allowed it nine lives to try to reinvent itself as something other than a brick-and-mortar retailer for physical games. Its latest quixotic bet is a $56 billion leveraged buyout of eBay , which CEO Ryan Cohen could barely explain on live TV earlier this week . GameStop’s stock price has taken a hit as a result, and even some of its biggest backers are spooked. One of them, Michael Burry of The Big Short fame, has even pulled the ripcord and entirely liquidated his position. “I sold my entire GME position,” Burry wrote in a Substack post on May 4 (via CNBC ). He said the company’s pitch to acquire eBay using up to $20 billion in debt financing was “never compatible” with his bullish outlook for the ailing video game chain. “Instant Berkshire did not contemplate anywhere near 5x+ leverage,” Burry wrote. “Never confuse debt for creativity.” As a result, GME is his first sale since he started his “Cassandra Unchained” newsletter to track his investment analysis.…