All writers

Matt Levine

Former Goldman Sachs banker covering Wall Street, finance, and corporate law with wit.

www.bloomberg.com
30
articles (90 days)

Recent articles

Bilateral OTC Goat Hedge
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AI-Backed Securities
Data center securitizations, Truth Social API lawsuit, event contract jurisdiction and musical earnings calls.
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Pick-and-Shovel Seller Financing
Nvidia, Tesla/SpaceX merger pay, SPV markups and retail tax trades.
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The Situation Is Fine
Also leveraged ETF momentum, GameStop’s eBay bid, event contract tick sizes and private equity boyfriends.
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Fake SpaceX Stock Isn’t Worth as Much
Also a SoftBank OpenAI margin loan, prediction market tick sizes, the return of Situational Awareness and the Harvard Undergraduate Consulting Group.
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SpaceX Unlocks Tomorrow
Also Situational Awareness margin calls, sports betting regulation and brokerage sports betting revenue.
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Leveraged ETF Crash Hedging ETF
Cliquets, tax-aware long-short, George Santos, poor crypto decisions and dentists.
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Hedgehog Hedge Fund
Situational Awareness hedging and margin, agentic retail investing, Bitcoin cold wallets and Anthropic hacks. 
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The Situation Deteriorated
Also election markets, PBC Revlon duties, Ionic Digital and World Liberty.
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SpaceX Crash Insurance
Structured notes, sports index futures, ETF proliferation and AI slop.
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Elevators Won’t Repair Themselves
Independent sponsors, Kalshi parlays, DAT-to-AI pivots and trust exercises. 
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A Merger Closing Mystery
Record dates, single-stock futures, not everything is securities fraud, prediction markets and bad arbitrage.
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Sports Happen So Much
Sports indexes, the basis trade, Truth API and Anthropic 10b5-1 plans.
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The SEC Pays a Texting Fine
Also 351 exchange ETFs, SpaceX lockup releases and zombie funds.
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LSE Will Trade 22.83 Hours a Day
Also BlackRock vs. BlackRock, the Warner ticking fee, Polymarket insider trading and data center gold mining.
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Ice Cream Hedging
Also Truth API, levered Lucid, semiannual earnings, gray market peptides and reinspection fees.
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Shorts Will Sell You SpaceX
Also the Korean leveraged ETF ban, buyside alpha capture, Kalshi drug trial markets and a Truth Social API.
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Keeping Mergers Under the Radar
HSR, IPO wealth, SpaceX lockups, Apollo and debanking/rebanking.
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Banks Made a Lot of Money on Stocks
Equities revenue, debanking, a public utility LBO, spitting upwards and an alleged cocaine SPAC.
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ETFs Are for Bets
Mets ETFs, TXSE listings, Bending Spoons HR quants and failed AI pivots.
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Sports Gambling ETF
Also an insider trader and a chicken-to-AI pivot.
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Leave the Oil in the Pipes
Also ex-Elon ETFs, Egg Libor, middle-market banking and fundraising agents.
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GameStop Has Enough Stock Now
Also merger arb, SRT insurance, World Cup hedging, Polymarket refunds and index rebalance windfalls.
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Index Traders Had a Good Month
Rebalancing, the Strategy pivot and the AI-to-EA pipeline.
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Untruth Machines
Botting, memecoins, puts, private credit, emerging markets and bowling.
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Tricking the AI Investors
Homoglyphs, business negging, private bonds, BDCs, Bitcoin binaries, kamikaze drones and a DAT-to-AI pivot.
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Egg Libor Was Also Manipulated
Eggs.org, the Susquehanna insider trading lawsuit, prediction market culture and sports gambling ETFs.
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Susquehanna Sold Some Suspicious Puts
Also Millennium AI, Elliott cubs, the Stretch run and a SpaceX IPO misunderstanding.
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People Are Worried About Stock Market Leverage
Also SPV blockchain, private credit BNPL, semiliquid fees and dinosaur stomping.
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There’s a SpaceX Treasury Company
SPV-cubed, hedge fund AI bots, monthly liquidity, SpaceTeslaX and a big lint roller.
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