Billionaire Investor Icahn Said to Hold Large GameStop Short Position

The transcript discusses a large short position on GameStop, initiated during the meme stock boom. Despite a 71% drop in value since January 2021, the stock still shows a 501% gain compared to a 3% rise in the S&P 500. The investor believes the stock is not trading on fundamentals and expects it to fall further.

What is the individual's belief regarding the trading of GameStop stock?

What percentage of its value has GameStop lost since January 2021?