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The National Institute for Space Research (INPE) in Brazil estimated that at least 7,747 km 2 (2,991 sq mi) of the Brazilian Amazon rainforest were cleared during the first half of 2019. [63] INPE subsequently reported that deforestation in the Brazilian Amazon reached a 12-year high between August 2019 and July 2020.
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The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with Barron's.
In 2022, about 20% of the Amazon rainforest has already been deforested and a further 6% was "highly degraded". Research suggests that upon reaching about 20–25% (hence 0–5% more), the tipping point to flip it into a non-forest ecosystem – degraded savannah – (in eastern, southern and central Amazonia) will be reached.
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