On TikTok, young traders delve into the meaning behind Burry’s tweets, with one video that got 15,000 like referring to him as “recession man.” It’s hard to tell exactly how popular his tweets are since they’re deleted so quickly, but it’s not uncommon for them to rack up thousands of likes within minutes.
Cynics may wonder why Burry would share investment viewpoints so publicly and question a hidden agenda behind it, said Itzhak Ben-David, finance professor at Ohio State University. But Burry’s tweets may be resonating precisely because they’re somewhat general — he’s not recommending specific trades but rather making overarching predications about markets and the economy.
At a time when famous investors and executives including Elon Musk and Cathie Wood are using Twitter as a massive platform, reactions on social media both reflect and perpetuate sentiment, especially during a bear market.
“The tweets that get shared and liked the most are the ones that fit with how we feel the most,” Atwater said. “Twitter is an enormous mirror.”
This article was provided by Bloomberg News.