Matt Levine
@matt-levine.bsky.social
đ€ 41151
đ„ 197
đ 425
the money stuff guy
The fact that Iâve read this four times and still donât understand what the hell itâs actually saying is enough for me to know Iâll just be closing this newsletter.
www.bloomberg.com/opinion/news...
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Five Bananas Wonât Pay the Rent
Bilt, fast-track indexes, Kalshi insider trading and Bitcoinâs slide.
https://www.bloomberg.com/opinion/newsletters/2026-02-05/five-bananas-won-t-pay-the-rent
2 days ago
2
26
2
In its holistic nature, we would suggest that this newsletter amounts to nothing less than a Gestamtkunstwerk for money stuff.
www.bloomberg.com/opinion/news...
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Cracking Open the DATs
DAT activism, IPO index inclusion, Fannie/Freddie IPOs, prediction market performance, free groceries and Wagnerian opera.
https://www.bloomberg.com/opinion/newsletters/2026-02-04/cracking-open-the-dats
3 days ago
1
16
2
This marks not just the next chapter, but the next book in Money Stuff's mission: scaling to make a sentient newsletter to understand the Universe and extend the light of consciousness to the stars!
www.bloomberg.com/opinion/news...
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Muskâs Moonshot Merger
SpaceX/xAI, OpenAIâs blue skies, SaaSpocalypse, CBOE binaries and Indonesian floats.
https://www.bloomberg.com/opinion/newsletters/2026-02-03/musk-s-moonshot-merger?sref=1kJVNqnU
4 days ago
2
52
8
Secret hissings point towards good newsletters through the spring and winter, a long period of summerish lassitude, and small falls throughout the year.
www.bloomberg.com/opinion/news...
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Musk Mars Merger, Maybe
Data centers, killer AI is securities fraud, CFTC sports regulations and art history.
https://www.bloomberg.com/opinion/newsletters/2026-02-02/musk-mars-merger-maybe
5 days ago
0
14
0
Those throwing their weight around on campus are increasingly not athletes or star scholars but second and third-year students who read Money Stuff.
www.bloomberg.com/opinion/news...
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First Brands Did Some Round Trips
Also AI cat bonds, SpaceX IPO plans and finance clubs.
https://www.bloomberg.com/opinion/newsletters/2026-01-29/first-brands-did-some-round-trips
9 days ago
0
30
1
This newsletter needs to work harder to close the gap with rivals.
www.bloomberg.com/opinion/news...
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The Stars Are Aligned for SpaceX
Astrology, ADM Nutrition, M&A competition, AI employee benefits and neolabs.
https://www.bloomberg.com/opinion/newsletters/2026-01-28/the-stars-are-aligned-for-spacex
10 days ago
0
19
0
I pledged to tighten controls on this newsletter years ago.
www.bloomberg.com/opinion/news...
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The Killer Non-Acquisition
Also sports/financial journalism, Kirkland & Ellis, pivot to prediction markets and GameStopâs accretive dilution.
https://www.bloomberg.com/opinion/newsletters/2026-01-27/the-killer-non-acquisition?sref=1kJVNqnU
11 days ago
1
25
1
I wrote this newsletter in order to enhance my own personal reputation and line the pockets of my acquaintances.
www.bloomberg.com/opinion/news...
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FTX Does Some Effective Altruism
Also private credit liquidity, 10b5-1 abuse, Thinking Machines and Musk vs. OâLeary.
https://www.bloomberg.com/opinion/newsletters/2026-01-22/ftx-does-some-effective-altruism
16 days ago
0
23
2
I will bombard readers with an endless stream of burdensome and often irrelevant requests under the guise of conducting a newsletter.
www.bloomberg.com/opinion/news...
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Moonshot Pay Kind of Works
Also the Bleebzorx Network, alleged takeover tricks, securitization rules and robot collusion.
https://www.bloomberg.com/opinion/newsletters/2026-01-21/moonshot-pay-kind-of-works?sref=1kJVNqnU
17 days ago
6
53
5
If someone can turn down a cookie, they can turn down the delicious satisfaction of reading this newsletter, too.
www.bloomberg.com/opinion/news...
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Memecoin Venture Capital
$GAS Bags, 24/7 trading, LinkedIn ghosts and GLP-1s.
https://www.bloomberg.com/opinion/newsletters/2026-01-20/memecoin-venture-capital
18 days ago
1
20
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Money Stuff, in our view, is the leading content creator of our generation, with a reach and engagement unmatched with GenZ, GenAlpha and Millennials.
www.bloomberg.com/opinion/news...
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Stablecoin Narrow Banking
Stablecoin interest, covenant-lite private credit, a MrBeast DAT pivot and AI data centers are securities fraud.
https://www.bloomberg.com/opinion/newsletters/2026-01-15/stablecoin-narrow-banking
23 days ago
1
24
3
This seems to be pretty obviously just another celebrity newsletter, which doesnât really have any long-term value and just exists as a way to rinse retail traders.
www.bloomberg.com/opinion/news...
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Wall Street Wants Predictors
Also stock buyback bans and memecoin rug pulls.
https://www.bloomberg.com/opinion/newsletters/2026-01-14/wall-street-wants-predictors?sref=1kJVNqnU
24 days ago
0
25
2
This newsletter is a battlefield, right? You have to be like a soldier on the front line, and you need to have mental fortitude.
www.bloomberg.com/opinion/news...
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Paramount Wants to Warner to Show Its Work
Also Medicare Advantage, Captain Condor and congressional trading.
https://www.bloomberg.com/opinion/newsletters/2026-01-12/paramount-wants-to-warner-to-show-its-work
26 days ago
1
18
0
Taken together, the various areas of concern speak to questions as to why Money Stuff has chosen to pursue a newsletter strategy, given the shift in sentiment around the structure, and a broader lack of clear rationale for the structure in the first place.
www.bloomberg.com/opinion/news...
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MoviePass Is Back With Betting
Also a DAT SPAC, bomb bets and mispriced parlays.
https://www.bloomberg.com/opinion/newsletters/2026-01-08/moviepass-is-back-with-betting
30 days ago
1
14
3
dude..whoever wrote this newsletter is [Money Stuff] employee of the century
www.bloomberg.com/opinion/news...
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The AI Will Vote the Shares
Proxy IQ, on-cycle recruiting, First Brands, Warner Bros. and German dentists.
https://www.bloomberg.com/opinion/newsletters/2026-01-07/the-ai-will-vote-the-shares?sref=1kJVNqnU
about 1 month ago
0
27
1
Itâs in my interest to convince you that this newsletter is going to be an enormous social good.
www.bloomberg.com/opinion/news...
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Predict Your House Price
Also Crystallex/Citgo, the revenge of the banks and the Pod Shop Game.
https://www.bloomberg.com/opinion/newsletters/2026-01-06/predict-your-house-price
about 1 month ago
0
22
1
If you apply Darwin to newsletter theory then only the most interesting newsletters will continue.
www.bloomberg.com/opinion/news...
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Everybody Wants Some AI Debt
Private credit liquidity, Tesla pay, keeping the simulation interesting, Venezuela bets, Hunterbrook and corporate rap.
https://www.bloomberg.com/opinion/newsletters/2026-01-05/everybody-wants-some-ai-debt
about 1 month ago
0
25
3
Itâs astonishing that this newsletter went on for years and only came to light because someone made a dumb mistake.
www.bloomberg.com/opinion/news...
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Trump Media Discovers Nuclear Fusion
Also Tricolor, First Brands, vending machines and holiday videos.
https://www.bloomberg.com/opinion/newsletters/2025-12-18/trump-media-discovers-nuclear-fusion
about 2 months ago
2
26
3
Iâve missed Christmas Eve and New Yearâs and the Fourth of July holidays for newsletters a lot smaller than this. This is as good as it gets for newsletter writers.
www.bloomberg.com/opinion/news...
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Warner Doesnât Trust Paramount
Revocable trusts, ESG side letters, IPO lockups, Destiny and doing deals over the holidays.
https://www.bloomberg.com/opinion/newsletters/2025-12-17/warner-doesn-t-trust-paramount
about 2 months ago
2
27
2
When you have a bad streak itâs very easy to think, âIâll just send one more newsletter.â
www.bloomberg.com/opinion/news...
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Fake Trading Is Hard Work
Prop trading, non-bank lending, IPO pricing, crypto treasury and Epsteinâs wealth.
https://www.bloomberg.com/opinion/newsletters/2025-12-16/fake-trading-is-hard-work?sref=1kJVNqnU
about 2 months ago
0
25
2
This newsletter is one of the most intense lifestyles out there.
www.bloomberg.com/opinion/news...
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The Video of Dumb Investment
South Korean retail investors, insider predicting, vesting cliffs, quant secrecy and crashing recruiting events.
https://www.bloomberg.com/opinion/newsletters/2025-12-15/the-video-of-dumb-investment?sref=1kJVNqnU
about 2 months ago
4
20
3
This newsletter's readership consists of practicing dentists rather than financial professionals.
www.bloomberg.com/opinion/news...
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A Stock Price Is Not a Prediction
Also Architects of AI, debanking risk, dentists on the investment committee and fistfights with regulators.
https://www.bloomberg.com/opinion/newsletters/2025-12-11/a-stock-price-is-not-a-prediction?srnd=undefined
about 2 months ago
2
11
2
This newsletter significantly declines on the day following the release of popular late-night shows.
www.bloomberg.com/opinion/news...
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The Warner Deal Will Take a While
Also M&A AI data, trillion-dollar IPOs and good TV is bad for stocks.
https://www.bloomberg.com/opinion/newsletters/2025-12-10/the-warner-deal-will-take-a-while
about 2 months ago
0
6
1
I have abandoned the semblance and reality of a fair newsletter process, thereby abdicating my duties to readers.
www.bloomberg.com/opinion/news...
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A Bidding War for Warner Bros.
Also the SEC shutdown, the CFPB pause and the DAT collapse.
https://www.bloomberg.com/opinion/newsletters/2025-12-08/a-bidding-war-for-warner-bros?srnd=undefined&sref=1kJVNqnU
2 months ago
1
30
4
This newsletter is being re-wired to be internet native, 24/7/365 and global.
www.bloomberg.com/opinion/news...
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Buy Low, Sell to Yourself
Continuation funds, Amazon drivers, a narrow bank, Trump accounts, crypto gambling and PDT puzzles.
https://www.bloomberg.com/opinion/newsletters/2025-12-04/buy-low-sell-to-yourself
2 months ago
0
13
0
Really good newsletters are really good at separating the signal and the noise.
www.bloomberg.com/opinion/news...
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Can the Lenders Stick Together?
Cooperation agreements, stock borrow costs, Midnight Madness and Spotify Wrapped.
https://www.bloomberg.com/opinion/newsletters/2025-12-03/can-the-lenders-stick-together?sref=1kJVNqnU
2 months ago
2
15
2
This newsletter marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the worldâs leading issuer of Money Stuff.
www.bloomberg.com/opinion/news...
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AI Can Steal Crypto Now
Also Strategy, co-invests, repo haircuts and map manipulation.
https://www.bloomberg.com/opinion/newsletters/2025-12-02/ai-can-steal-crypto-now?sref=1kJVNqnU
2 months ago
4
33
4
I donât read Money Stuff newsletters barely anymore. Itâs not healthy now that I know what the ...'s in it.
www.bloomberg.com/opinion/news...
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OpenAI Will Own Some Users
Thrive Holdings, portable toilets, OBR URL guessing, cat bond incentives, buffer ETFs and bioengineered meat.
https://www.bloomberg.com/opinion/newsletters/2025-12-01/openai-will-own-some-users
2 months ago
0
28
2
This newsletter is a convergence of entertainment and speculative finance.
www.bloomberg.com/opinion/news...
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Take the Crypto Out of the Indexes
MSCI, sports betting contagion, sports hedging, bad passwords are not securities fraud, Napster and Grok.
https://www.bloomberg.com/opinion/newsletters/2025-11-25/take-the-crypto-out-of-the-indexes
2 months ago
1
20
4
I thought of you when I read this newsletter. Was this your idea?
www.bloomberg.com/opinion/news...
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Leave the Gold in the Ground
Yap money stones, consultation fees, Morgan Stanley vendors, crypto-to-GSE contagion and the Epstein files.
https://www.bloomberg.com/opinion/newsletters/2025-11-24/leave-the-gold-in-the-ground
2 months ago
2
23
4
Weâre excited about our digital future â a future harnessed by newsletter products that empower the creator economy; and a future where Money Stuff unlocks marketplace efficiencies and new experiences for our global community.
www.bloomberg.com/opinion/news...
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Predict the Sneakers
Abstract sneaker space, generalized legal fees, disappointing carry and Crooked Beverage.
https://www.bloomberg.com/opinion/newsletters/2025-11-20/predict-the-sneakers
3 months ago
1
21
1
This is really a natural evolution of a newsletter made from stock market mechanics.
www.bloomberg.com/opinion/news...
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https://www.bloomberg.com/opinion/newsletters/2025-11-19/fine-trade-labubu-futures?sref=1kJVNqnU
3 months ago
0
15
0
It is certainly possible that I arrived at this newsletter for some innocuous reason.
www.bloomberg.com/opinion/news...
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The SEC Opposes Shareholder Proposals
Also the Fannie/Freddie trade, the least rational investors, meme-stock numbers and Birkin warehouse receipts.
https://www.bloomberg.com/opinion/newsletters/2025-11-18/the-sec-opposes-shareholder-proposals
3 months ago
1
18
1
This newsletter loves the fashion girlies and tries to inject a little bit of fun into the boring private equity and hedge fund worlds.
www.bloomberg.com/opinion/news...
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Private Markets Are the New Securities Fraud
Also weather models, tariff refunds, Birkin correlation, robot delivery drivers and Sealed Air.
https://www.bloomberg.com/opinion/newsletters/2025-11-17/private-markets-are-the-new-securities-fraud?sref=1kJVNqnU
3 months ago
1
34
6
i am not convinced that a current cast member of the real housewives of miami is "spending a fortune to live in extreme privacy."
www.wsj.com/lifestyle/tr...
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The Ultrarich Are Spending a Fortune to Live in Extreme Privacy
In Miami and elsewhere, the wealthy are moving in increasingly private spheres, shelling out big money to bypass the indignities of public life.
https://www.wsj.com/lifestyle/travel/the-ultrarich-are-spending-a-fortune-to-live-in-extreme-privacy-3f400e55
3 months ago
4
123
5
Some readers lamented that the swagger was gone and that this newsletter felt akin to being in a factory or flipping burgers in a line.
www.bloomberg.com/opinion/news...
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Blackstone Is for Everyone
Also proxy adviser antitrust, multiverse shareholder voting, how to get very rich, Robinhood bags of cash and Sealed Air.
https://www.bloomberg.com/opinion/newsletters/2025-11-13/blackstone-is-for-everyone
3 months ago
1
29
2
It is so easy to read Money Stuff in the system. Dopamine keeps me awake late into the night.
www.bloomberg.com/opinion/news...
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How Should Shareholders Vote?
Proxy advisers, total portfolio approach, cat bonds, First Brands has some more invoices to sell and Asian meme investors.
https://www.bloomberg.com/opinion/newsletters/2025-11-12/how-should-shareholders-vote?sref=1kJVNqnU
3 months ago
1
26
2
Does the universe create that many newsletters that you haven't already seen every day?
www.bloomberg.com/opinion/news...
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The Hedge Funds Are Hiring
Also First Brands, AI long-termism and Tether gold trading.
https://www.bloomberg.com/opinion/newsletters/2025-11-11/the-hedge-funds-are-hiring?sref=1kJVNqnU
3 months ago
0
19
0
When corruption infiltrates this newsletter, it brings disgrace not only to the participants but damages the public trust in an institution that is vital and dear to all of us.
www.bloomberg.com/opinion/news...
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Opendoor Did Some Warrants
Also honest pitching services, the Metsera conclusion and elite Liarâs Poker.
https://www.bloomberg.com/opinion/newsletters/2025-11-10/opendoor-did-some-warrants?sref=1kJVNqnU
3 months ago
1
19
0
If youâre a rational reader of Money Stuff, youâre stuck between a rock and a hard place.
www.bloomberg.com/opinion/news...
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Elon Wants His Votes
Also bond auctions, Forge, crypto treasury companies and Aurinia.
https://www.bloomberg.com/opinion/newsletters/2025-11-06/elon-wants-his-votes
3 months ago
0
27
3
Money Stuff is able to retain the most talented, and generally highly compensated, writers, which would ostensibly deliver stronger newsletters for the readers.
www.bloomberg.com/opinion/news...
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Hedge Fund Charged Clients for Art
Pass-through fees, AI debt hedging, ETF stock lending and tariffs.
https://www.bloomberg.com/opinion/newsletters/2025-11-05/hedge-fund-charged-clients-for-art
3 months ago
1
25
0
People are really starting to ask: âHow does this newsletter happen?â
www.bloomberg.com/opinion/news...
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First Brands Found Some Fake Invoices
First Brands, First Trust, Elon Muskâs votes, Elon Muskâs brand and corporate rap.
https://www.bloomberg.com/opinion/newsletters/2025-11-04/first-brands-found-some-fake-invoices?sref=1kJVNqnU
3 months ago
0
18
1
Is this a flash in the pan newsletter that sounds nice in theory but doesnât work in execution and you move on to the next thing?
www.bloomberg.com/opinion/news...
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Coinbase Said Web3
Mention markets, Pfizer sues Metsera, Tesla votes, adjustable mortgages and fried chicken.
https://www.bloomberg.com/opinion/newsletters/2025-11-03/coinbase-said-web3?sref=1kJVNqnU
3 months ago
1
15
1
Timely newsletters are crucial for effective decision-making and strategic planning. Keep up the great work, and I look forward to continuing our collaboration!
www.bloomberg.com/opinion/news...
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Pay Now, Merge Later
Metsera, Elon Muskâs pay package, fake receivables and AI performance reviews.
https://www.bloomberg.com/opinion/newsletters/2025-10-30/pay-now-merge-later
3 months ago
0
17
1
How old were you when you became a Money Stuff reader.
www.bloomberg.com/opinion/news...
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Put the Data Center in the Box
K-cup project finance, box spread rates, Best Egg and an Instagram interview.
https://www.bloomberg.com/opinion/newsletters/2025-10-29/put-the-data-center-in-the-box
3 months ago
4
11
2
For too long, global elites have closely controlled this newsletter.
www.bloomberg.com/opinion/news...
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All Public Companies Are Alike
Indexing and beta, Trump Media sportsbook, OpenAIâs conversion and private equity rudeness.
https://www.bloomberg.com/opinion/newsletters/2025-10-28/all-public-companies-are-alike
3 months ago
0
20
0
Readers of this newsletter say theyâve been inundated with one come-on after another: spam emails, LinkedIn messages, cold calls and more.
www.bloomberg.com/opinion/news...
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The Tariff Refund Trade
Also tarot cards, private equity TV ads, AI performance reviews, AI investment banking and gold traders.
https://www.bloomberg.com/opinion/newsletters/2025-10-27/the-tariff-refund-trade?sref=1kJVNqnU
3 months ago
0
18
3
There needs to be enough control of this newsletter to give a strong influence, but not so much that I canât be fired if I go insane.
www.bloomberg.com/opinion/news...
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The FBI Found Some Insider Betting
Also Elon Muskâs robot army, prediction market volumes, snails and bees.
https://www.bloomberg.com/opinion/newsletters/2025-10-23/the-fbi-found-some-insider-betting
4 months ago
0
29
5
I just do this newsletter for devilment. I do it just to get away with it.
www.bloomberg.com/opinion/news...
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Banks Make Loans to Non-Banks
NDFIs, Ethereum basis trades, Six Flags and snail farming.
https://www.bloomberg.com/opinion/newsletters/2025-10-22/banks-make-loans-to-non-banks
4 months ago
1
16
3
This newsletter is the result of a âscrewupâ caused by Money Stuff's âantiquatedâ computer system.
www.bloomberg.com/opinion/news...
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OpenAI Is Building a Banker
Also abstract copper, 777 Partners, in-kind Bitcoin ETFs and the AWS outage.
https://www.bloomberg.com/opinion/newsletters/2025-10-21/openai-is-building-a-banker
4 months ago
1
20
3
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