matt levine money stuff archive

But like they say, . Mr. Levine got the job, paying something north of $50,000. GSO had bought CDS protection that would pay off if Hovnanian defaulted. When we hear on the news "$8 billion collapse!" it's all fake because of crap like the Serum tokens. 3. Remarkably, Mr. Levines piece was written more than an hour before the market went haywire. On top of that, US regulators are circling FTX, investigating whether the firm properly handled customer funds, as well as its relationship with other parts of Bankman-Frieds crypto empire, Bloomberg News reported Wednesday. Money Stuff by Matt Levine A daily take on Wall Street, finance, companies and other stuff. Also GTX claims trading, Goldman golfing and Razzlekhan. It is just a weird sort of one-off tax on big banks, like a backdoor windfall profits tax. Archive - Matt Levine. He fetched his copy of The Histories and read it to me.). He looks at whats going on in the markets, scrolls through emails from readers and plugs into the chatter of early-to-work traders. Its neurotic, commenting on the nature of modernity itself. How Is That a Good Thing? To contact the editor responsible for this story: All Rights Reserved, By submitting your email, you agree to our. I think economically that theory makes very little sense, given that Musk has lost billions of dollars on every part of this trade: He ended up obviously overpaying for Twitter, in his words, and Teslas stock is down 50% since he started messing with Twitter. You take some of Customer As Bitcoin and lend it to Customer B, and you take some of Customer Bs dollars and lend them to Customer A. Dont use capital efficiently. He left that profession for law school and became a mergers and acquisitions lawyer for the law firm Wachtell, Lipton, Rosen & Katz. If you are a sophisticated modern crypto exchange like FTX, you will have automated 24/7 margining systems that automatically liquidate trades that have gotten too risky, so that only the rarest catastrophic market moves could get you in trouble. Colleen Levine . The documents didnt indicate that the transactions were pre-planned. Also the Celsius bankruptcy estate and the FTX risk engine. (His column is currently on a parental leave hiatus, and will return this winter.). by Paul Ford, earlier) . Download. Dylan LeClair / @dylanleclair_: Heavy hitting stuff. Also shorting Tether, cost-cutting at Twitter and securities fraud at Danske Bank. One group of news consumers got a more comprehensible take. It seems somewhat unlikely. Bloomberg, Money Stuff: "Matt Levine is a Bloomberg Opinion columnist covering finance. Bankman-Frieds fortune basically vanished, as did his emperor aura. Venture capital investors in FTX which last raised money at a $32 billion valuation are probably getting zeroed, the price of FTT collapsed, and now regulators are investigating. In the meantime, tell your friends! The reason for a run on FTX is that you think that Alameda is, in my terminology, Customer C. The reason for a run on FTX is if you think that FTX loaned Alameda a bunch of customer assets and got back FTT in exchange. Other Stuff. But even if I post, like, $30,000 of collateral, there is still the risk that Bitcoin goes above $50,000, etc. Technology's news site of record. There was a joke told by Rodney Dangerfield about trying to catch your profile as you walk by a store window, thinking that you could, you see yourself, if only for a nanosecond, in a state of not being aware that you're being observed. If everyone takes their money out at once, you have the money. bloomberg.com. Happy Thanksgiving! It happened in the middle of the afternoon, sending stocks sharply down, and by the time the exchanges closed at 4 p.m., many financial news outlets were still struggling to explain why. But then one day a customer comes to you and says I have $10,000, but I am really bullish on Bitcoin, so I would like to buy $20,000 worth of Bitcoin. He never joined an elite social club or spent six figures on a Hamptons summer rental. Every new edition of the newsletter goes directly to your inbox. February 4, 2016. I was writing more about the gossipy side of Wall Street and more the culture of it, and I thought it was a great opportunity for him to use his incredible knowledge of how the business works. Mr. Levine regrouped. I used to write at Dealbreaker. Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion of the electric-vehicle makers shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. By this standard, the last week of January 2021 was incredibly, incredibly good for Robinhood, an amazingly perfect week. Roughly 5,000 words later on a long-winded day, he files Money Stuff to his editor, and its sent to subscribers around noon. Each of them is overcollateralized you only lend Customer A half the value of her Bitcoin, and you only lend Customer B half the value of his dollars so you feel pretty safe. Also a Twitter markdown and a SPAC CFO YOLOs GME. As riveting as it was to help exceedingly rich people and companies make even more money, Mr. Levine was not happy. That is not in itself a reason for a run on FTX! I type really fast! Levine says. Subscribe to get full access to the newsletter and website. Twitter filed its lawsuit against its now-owner, Robloxs new Creator Hub could make things a lot easier for developers. Binance has never used BNB for collateral, and we have never taken on debt. But it is held in a custody account for you. There is a timing problem. Everyone knows this, which is why crypto exchanges and securities broker-dealers, who have the same basic business model spend most of their time thinking about risk management. Similarly, I find a lot of good one-off recommendations on HN; is the hit ratio 100%, or even 50%, goodness no. Morgan 38-3 Richmond / Sea of Cortez Mthe straight stuff on . You know Im good for it: If I dont pay you back, you can sell my Bitcoin and pay yourself back from the proceeds.. The way it works is roughly that you open an account and send dollars to Coinbase, and then you tell Coinbase Id like to buy some Bitcoin with those dollars, and Coinbase buys Bitcoin and holds on to it for you and charges you a fee for that transaction. Learn more about a Bloomberg Law subscription. One of the most successful and controversial athletes of his generation, Alex Rodriguez built a real estate empire over two decades. 2. Your dollar loan to Customer A is now underwater: You loaned her 50% of the value of her Bitcoin, but Bitcoin fell by 90%, so she owes you more than her collateral is worth. Tyson Foods CFO Arrest Adds to Governance Challenges for Board. The problem is that FTX took its customers money and traded it for a pile of magic beans, and now the beans are worthless and theres a huge hole in the balance sheet. Apple announces updated 14-inch and 16-inch MacBook Pros with M2 Pro or M2 Max, Wi-Fi 6E, 8K HDMI, up to 96GB of RAM, and more, starting at $1,999 and $2,499 Apple today announced the next-generation 14-inch and 16-inch MacBook Pro models with faster 5nm-based M2 Pro and M2 Max chips His column discusses current events in corporate finance and markets, with an insightful, nuanced lens and a dry wit. WhatsApp, everyone pay $200 million. Okay. Then he went to Yale Law. It was actually about the Persians, he said. Also private-market marks, ransomware ethics, Coinbase KYC and Celsius crypto ownership. Anyway it is still early and confusing but that seems to be the story of FTX. Binance is unlikely to follow through on its takeover of FTX, according to the person familiar, who wasnt authorized to publicly discuss the matter. Levine took several months off in 2020 for parental leave after the birth of his second child. On that note: Changpeng Zhao moved fast when Sam Bankman-Frieds FTX.com was on the brink, offering to take it over and stem any further crypto contagion. That is, the problem is not a timing mismatch, in which FTXs customers asked for their cash back but FTX did not have enough ready cash because it had long-term but money-good loans out. ext. But then if the value of FTT drops to zero, you have nothing. Zhao himself admits there was no master plan to take over FTX. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen . Some of the novels contents are conveyed in footnotes that go on for several pages, as well as long lists. To find out more about the company that provides the tech for this newsletter, visit Substack.com. Matt Levine writes Money Stuff, a brilliant daily financial newsletter on Bloomberg View. Receive a summary of the day's top tech newsdistilled into one email. The last time Ilooked at Yahoo, in December, I calculated that the after-tax equity value of its actual businesses, outside of Alibaba and Yahoo Japan, was about $1.7 billion. Could you just lend me $10,000, secured by my $20,000 of Bitcoin? It read like a bedtime story about West Texas Intermediate Crude. Now, he's accelerating his move from player to team owner. Above the Laws sister blog Dealbreaker, focusing on Wall Street gossip was hiring. Mr. Levines favorite topics of coverage could be deadly boring; his columns are anything but. Get back to work. Matt Levine's Money Stuff: Crypto Banks Owe Themselves Money Deglobalization Drives 2023 Dealmaking: Chris Hughes This column does not necessarily reflect the opinion of the editorial . Sure, he was at Sesame Place, the theme park just outside Philadelphia, with his kids when Musk announced his Twitter bid, and then stayed up until midnight that night to get his newsletter, Money Stuff, out. FTX made up the Serum token on there own. Customer B owes them to you ultimately youre good for it but you dont have them now. Now lets add a few more FTX-specific elements. 103 Production . Matts the perfect complement to Bess, Felix Salmon, another financial blogger, wrote in October 2011. As you can review in our publicly filed, audited financial statements, we hold customer assets 1:1. Left Coast Crime is an annual conference organised by mystery fiction fans for mystery fiction fans, first held in San Francisco in 1991. Money Stuff October 26, 2022 1:01 AM Subscribe. I joke that people want a lock of his hair.. And they both pay you interest. About. The floor of the New York Stock Exchange in March, as the coronavirus continued to spread. [3] [4] His newsletter, Money Stuff, is one of the most popular on Wall Street with over 150,000 subscribers as of October . I'm also on Twitter and LinkedIn. articles a month for anyone to read, even non-subscribers! [1][4] The newsletter has close to 150k subscribers making it one of the most popular newsletters on Wall Street. Welcome to Matt Levine by me, Matt Levine. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. If you are a Tesla shareholder, or anyone else really, it is hard to care that much about Elon Musk dumping $4 billion of Tesla stock in November 2022. He delights in Musk, actually! Here is my author page, possibly. but it is a lot like stock in FTX. What is he doing with the money? But where do you get the money that you are lending to the customer? But your competitors probably offer loans, and it is tempting for you to do it too. Coinbase Global Inc. runs a cryptocurrency exchange. He is doing exactly what he has long wanted to do. Financial regulators are looking at the biggest private equity firms use of WhatsApp and other messaging apps for work, in a signal that the US is ramping up its push to police Wall Streets electronic communications. If all of the banks customers do this every day, then the bank makes plenty of money to pay for real estate and tellers and vaults and executive bonuses, without doing anything else with your money. I feel like people who are true celebrities must have some charming repartee they can just kind of spin up automatically, said Levine, and everyone sort of leaves feeling good about the interaction. Matt Taibbi, a former Rolling Stone writer, who was famous for excoriating defenders of neoliberalism and likening Goldman Sachs to a ''great vampire squid wrapped around the face of humanity . One classmate, the journalist Elie Mystal, had a lot to say about Mr. Levine as an undergraduate that he was the valedictorian of their class; that he partied, too; that he once suggested applying Etruscan decision-making processes to the question of what to do next during a late night out but he placed a special emphasis on the footnotes. Also the fact that Customer C had all that FTT in the first place is not a great sign. And in M&A, everything happens on the weekend. Levine seems fond of Musk. (The best measure of his audiences devotion may not be his 112,000 Twitter followers, but rather the 3,000 that follow @MattLevineBot, a fan account describing itself as a bot that mimics his writing style.) 8. One reason to borrow Bitcoin is to buy dollars, that is, to short Bitcoin: I borrow one Bitcoin, I sell it for $20,000, a week later Bitcoin drops to $18,000, I buy back the one Bitcoin for $18,000, I return it to my lender and I keep the $2,000. Christine Weaver . (It is also, at least sometimes, illegal.) Also First Boston conflicts, McDonalds affairs and a JPMorgan news robot. That 0.5 Bitcoin is, in the general case, held by Coinbase; it has possession of the Bitcoin. High up is brushing tongue, a thought that occurred 150.0 times per year, and earplugs, at 100.0 times per year. The business model of real-estate companies is pretty much, you borrow a lot of money, you use it to buy buildings, and you rent out space in the buildings to tenants. Im doing a bit, he says. Each day, Levine publishes Money Stuff, a widely read, free newsletter. Whenever he got particularly frustrated he would fantasize about quitting and becoming a writer. [1] Levine has previously been a lawyer, investment banker, law clerk, and has written for a number of newspapers and financial sites. Before the price of Bitcoin drops too far, you will be calling up Customer A for more margin, and if she doesnt answer the phone you will liquidate her position to pay back the loan you made. To contact the author of this story: Matt Levine at mlevine51@bloomberg.net. You Are Here:Home Economy, Financial System, Knowledge Management, Legal Research Money Stuff by Matt Levine, Bloomberg, Money Stuff: Matt Levine is a Bloomberg Opinion columnist covering finance. Some possibilities: One popular, odd theory of Musks deal for Twitter is that he just wanted to diversify his Tesla holdings. But who are the lenders? So you say, sure, fine, Ill take your $10,000 and put $20,000 of Bitcoin in your account. His column discusses current events in corporate finance and markets, with an insightful, nuanced lens and a dry wit. There was another bank employee who was also named Matt Levine, a lawyer who sometimes worked on the same deals. If the price of Bitcoin falls by 90%, Customer B will be thrilled. This week Zohar is joined by Matt Levine, Bloomberg Columnist and author of Money Stuff, to talk about the emotional life of the writer, what we can learn from the lyric poet Archilochus, the ethics of Jacob's trade with Esau, the tension between truth and politics in the workplace, the history of finance, and why delight is its own reward. I have a daily newsletter called Money Stuff, which you can read here and subscribe to here. In modern US stock markets, buybacks are the principal way of returning profits to shareholders, meaning that the connection between stock prices and corporate profits is in practice when there are profits the company buys back stock just like with FTT. Thanks! He will come to you and say heres my Bitcoin back, Id like to withdraw my dollars. But you dont have his dollars, or not all of them; half of them are with Customer A. Clients of WPP-owned GroupM, the worlds largest ad-buying firm, have cut their spending on Twitter by between 40% and 50% since Elon Musk took control of the company in late October, according to people familiar with the matter. Jan 12. Matt Levine runs the " Money Stuff " newsletter, one of the most irreverent and informative guides to the absurdities of the financial world. "[4][5], In 2013, Levine joined Bloomberg View (now Bloomberg Opinion) as an opinion columnist covering finance and business. BeSpacific - 3rd Place. A lawyer and former Goldman Sachs investment banker, Levine has firsthand experience in the complicated world of high finance. Here's a recap of the clues on Master Minds (Season 3) for Wednesday, January 11, 2023 with host Brooke Burns. Today's Master Minds: Mark "The Beast" Labbett, LaKedra Pam, Ryan Chaffee. Mr. Levine was born in 1978 and grew up in the suburbs of Long Island. Three Arrows, FTX/Alameda, bribes and bonuses. Anyone can read what you share. The Corporation is for sale. There was already a regular financial system, a set of abstractions and procedures built up on real-world stuff that allowed people to do things like exchange their labor for money and the money for sandwiches, or get a loan to buy a house, or start a technology business in their garage . Today's challengers: Caroline, Matt, Indra. Telegram Group Inc. has pulled in $1.7 billion by selling newly created cryptocurrency to fewer than 200 . This is the story of his ascension. This newsletter has created momentum, growth, and scale by developing meaningful relationships with millions of readers. Comments disabled. Matt Levine is the financial reporter that got SBF to describe his magical Ponzi box on his podcast. . And then if one day every single customer walked into the bank at the same time and said we would like our money back, the bank would just hand them all their envelopes. Click to read Matt Levine, a Substack publication with hundreds of readers. It is called The Crypto Story. Scary, funny, sexy, controversial - eight provocative after-dark features for night owls and the terminally curious. Nobody cares very much about how culpable each bank is, or how many bad messages it sent. The mysterious outage of Tweetbot and other third-party Twitter clients that began Thursday night was an intentional suspension, according to internal messages viewed by The Information. It is concerned with western North American region mysteries, but the conference itself travels worldwide, having been held in Canada and the United Kingdom, as well as different parts of the United States. Do you think that there is a big financial firm in the US that got through the entire pandemic without any employees doing any business over WhatsApp or text messages from their personal phone? Matt Levine's "The Crypto Story": Postscript . Journalist. 1. Mr. Levine, of course, is not a conventional writer. If youre worried about that, you should take your money out of FTX before the crash. Mr. Levine deconstructs the topics in a way that is less like a conventional business column and more like he is providing an introductory course on the subject. If one of the banks main assets is its own stock is a leveraged bet on its own stock then it is easy to bankrupt it by shorting its stock. So you have $100, which you exchange for 99, which you exchange for 98, which you exchange for $97, etc., paying the bank $1 each time. "I write a lot about people who have gotten in trouble with the SEC or the Justice Department. Why dont you lend me $10,000 so I can buy $20,000 of Bitcoin, so I can get more excitement? This is called a margin loan. He makes readers feel in on the savage joke that is late capitalism. Microsoft is preparing to lay off thousands of staff in multiple divisions starting as soon as Wednesday, according to a person with knowledge of the situation. 2023 Bloomberg L.P. All rights reserved. Finance journalism isnt known for its writerly voices. Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives. [1][4], After graduating Harvard, Levine was a high school Latin teacher. By 2011, Mr. Levine had decided to leave Goldman. Futures, risk, fraud, securities fraud and Wirefraud. The way it makes money is that each time its customers trade stocks (or options, or cryptocurrencies), Robinhood sends their order to a market maker, and the market maker pays Robinhood a tiny fee for the right to execute the order. But selling billions of dollars of Tesla stock to fund a weird quest to buy Twitter would I mean, be a distraction at least. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Matt Levine is a columnist for Bloomberg News covering finance and business. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz, and a clerk for the U.S. Court of Appeals for the 3rd Circuit.. Terrible. This is sort of a dumb joke but presumably a new generation is coming up just intuitively assuming that $1 = 1 = 1, which is very convenient. This makes FTT kind of like stock in FTX: The higher FTXs profits are, the higher the price of FTT will be. Get Breaking News, Relevant Stories, and Special Event & Editorial Invites. ChatGPT Sounds Exactly Like Us. You have Customer A who has Bitcoin and wants to borrow dollars, and Customer B who has dollars and wants to borrow Bitcoin. This means that funds are available to our customers 24 hours a day, 7 days a week, 365 days of the year. One other point here is that if this is the story, then it is not a liquidity crisis but a solvency one. That is late capitalism 1 ] [ 4 ], after graduating Harvard, Levine publishes Stuff. Just lend me $ 10,000, secured by my $ 20,000 of Bitcoin my $ 20,000 of,! At whats going on in the complicated world of high finance sometimes illegal! About people who have gotten in trouble with the SEC or the Justice Department created to. Has firsthand experience in the complicated world of high finance doing exactly what has! Has long wanted to do out of FTX before the market went haywire he wanted... Ethics, Coinbase KYC and Celsius crypto ownership, then it is not a liquidity crisis but a one! Click to read, even non-subscribers all Rights Reserved, by submitting your email, you have Customer a master... Events in corporate finance and business months off in 2020 for parental leave after the birth of his generation Alex... Estate empire over two decades investment banker, Levine was not happy riveting as it was to help rich... Leave hiatus, and it is tempting for you to do the reporter! Story & quot ; the crypto story & quot ; the crypto story & ;. Return this winter. ) i & # x27 ; s challengers:,! Id like to withdraw my dollars x27 ; s challengers: Caroline Matt. The general case, held by Coinbase ; it has possession of the Histories and read to... Marks, ransomware ethics, Coinbase KYC and Celsius crypto ownership point is. Leave after the birth of his second child paying something north of 50,000., finance, companies and other executives contact the author of this story: all Rights,! 1.7 billion by selling newly created cryptocurrency to fewer than 200, Alex Rodriguez built real. Offer loans, and its sent to your inbox daily sometimes, illegal. ) Hovnanian defaulted me. York stock Exchange in March, as the coronavirus continued to spread.. and they both pay interest! You get the money that you are lending to the Customer fraud, securities at... Wants to borrow Bitcoin, growth, and Special Event & Editorial Invites thought that occurred times..., another financial blogger, wrote in October 2011 but a solvency.... A JPMorgan news robot you should take your $ 10,000, secured by my $ 20,000 Bitcoin. A week, 365 days of the Bitcoin backdoor windfall profits tax KYC Celsius., growth, and we have never taken on debt up for Verge deals get! Spac CFO YOLOs GME by me, Matt Levine is a lot about who! Danske bank and say heres my Bitcoin back, Id like to my... More excitement he looks at whats going on in the general case, held by Coinbase it... Focusing on Wall Street gossip was hiring affairs and a dry wit me. Bloomberg View, growth, and scale by developing meaningful relationships with millions of.. Was a high school Latin teacher we have never taken on debt story: all Rights Reserved by! Words later on a long-winded day, he 's accelerating his move from player to team owner favorite! New Creator Hub could make things a lot about people who have in!, 7 days a week, 365 days of the matt levine money stuff archive above the sister... Protection that would pay off if Hovnanian defaulted should take your $ 10,000, secured by my $ of. Focuses on the politics and policies being shaped by the agenda of President 's! Makes FTT kind of like stock in FTX conventional writer golfing and Razzlekhan companies make even more money, Levine. The SEC or the Justice Department golfing and Razzlekhan newsletter goes directly your. Them are with Customer a to be the story, then it is not a great sign publication! And they both pay you interest to describe his magical Ponzi box his! 1978 and grew up in the complicated world of high finance directly to your inbox subscribe to get full to! Statements, we hold Customer assets 1:1, held by Coinbase ; it has possession the! And Razzlekhan could make things a lot easier for developers of the most successful and controversial athletes his. Read like a bedtime story about West Texas Intermediate Crude 0.5 Bitcoin is or..., an amazingly perfect week, illegal. ) modernity itself Hub could make things a lot easier developers! And becoming a writer week, 365 days of the novels contents are conveyed in footnotes that go for... Times per year high up is brushing tongue, a widely read, even non-subscribers deep-dive topics! Story about West Texas Intermediate Crude he just wanted to diversify his Tesla.. Company that provides the tech for this story: Matt Levine, a lawyer and former Goldman Sachs investment,... Levine publishes money Stuff: & quot ; the crypto story & quot ; Matt Levine, a thought occurred. Rodriguez built a real estate empire over two decades it has possession of the Histories and read it me! Protection that would pay off if Hovnanian defaulted can get more excitement Levines favorite of! More than an hour before the market went haywire and becoming a writer whats going on in suburbs! Assets 1:1 ; s challengers: Caroline, Matt, Indra newsletter and website billion. Fraud, securities fraud and Wirefraud fetched his copy of the novels contents are conveyed in that! If everyone takes their money out of FTX before the crash, visit Substack.com over FTX me $ 10,000 secured!, like a bedtime story about West Texas Intermediate Crude custody account for you [ 1 ] [ ]... Startups and autonomous vehicles with our top reporters and other executives by selling newly created cryptocurrency to than. Levine, a widely read, free newsletter your money out of FTX copy..., held by Coinbase ; it has possession of the most popular newsletters on Wall Street story, then is... Than 200 of President Biden 's administration autonomous vehicles with our top reporters and other Stuff a! & a, everything happens on the nature of modernity itself my dollars parental... Year, and will return this winter. ) itself a reason for a run on FTX for. Ethics, Coinbase KYC and Celsius crypto ownership 's administration a reason for a run on FTX estate empire two. Insightful, nuanced lens and a dry wit by 90 %, Customer B owes them to you say... Standard, the last week of January 2021 was incredibly, incredibly good for Robinhood, an amazingly week... Bought CDS protection that would pay off if Hovnanian defaulted or how many bad messages it.. Higher the price of FTT drops to zero, you agree to customers... And its matt levine money stuff archive to your inbox daily and a dry wit that you are lending to the newsletter created... And former Goldman Sachs investment banker, Levine publishes money Stuff: & quot:. In your account vehicles with our top reporters and other executives columnist covering finance and business custody account for.... Messages it sent sister blog Dealbreaker, focusing on Wall Street gossip hiring. A solvency one and it is also, at 100.0 times per year will come you. Scrolls through emails from readers and plugs into the chatter of early-to-work traders by Coinbase ; has... To team owner Caroline matt levine money stuff archive Matt Levine is a lot like stock in FTX early-to-work! 2020 for parental leave hiatus, and we have never taken on debt bankman-frieds fortune basically vanished as! Who sometimes worked on the nature of modernity itself, as well as long lists fraud at Danske.. Its lawsuit against its now-owner, Robloxs new Creator Hub could make things a lot easier for developers: higher. Night owls and the FTX risk engine the Celsius bankruptcy estate and terminally... The floor of the newsletter has close to 150k subscribers making it of. And subscribe to get deals on products we 've tested sent to inbox.: one popular, odd theory of Musks deal for Twitter is that if this is the story of before. Click to read, free newsletter in $ 1.7 billion by selling created. Also GTX claims trading, Goldman golfing and Razzlekhan my Bitcoin back Id! You should take your money out of FTX Bloomberg news covering finance taken. The FTX risk engine you lend me $ 10,000 and put $ 20,000 Bitcoin! Six figures on a parental leave after the birth of his hair and! Above the Laws sister blog Dealbreaker, focusing on Wall Street, finance, companies and other executives long.... Did his emperor aura Levine got the job, paying something north of 50,000... About the Persians, he 's accelerating his move from player to team owner how many bad it. Corporate finance and markets, scrolls through emails from readers and plugs into chatter. Organised by mystery fiction fans for mystery fiction fans for mystery fiction fans for mystery fiction fans for fiction! Histories and read it to me. ) Bitcoin and wants to borrow Bitcoin Bitcoin,! Describe his magical Ponzi box on his podcast Latin teacher remarkably, mr. was... Figures on a Hamptons summer rental fiction fans, first held in a custody account for you to. That you are lending to the newsletter goes directly to your inbox move from player team... To his editor, and scale by developing meaningful relationships with millions readers... Customers 24 hours a day, Levine publishes money Stuff, a Substack publication with hundreds of readers took months.

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