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Matt Levine

@matt-levine.bsky.social
42K followers 198 following 548 posts

the money stuff guy

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Matt Levine @matt-levine.bsky.social · 01/10/2026
This newsletter is designed to test knowledge, comprehension, and skills with respect to the risks associated with exempt offerings. www.bloomberg.com/opinion/news...
bloomberg.com
Opening Private Markets to the Public
Performance fees, accredited investor tests, default shareholder voting and Knicks-Rangers deconglomeration.
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Matt Levine @matt-levine.bsky.social · 30/09/2026
This newsletter enables investors to read about stocks, options, bitcoin and prediction-market contracts even when they are not paying attention. www.bloomberg.com/opinion/news...
bloomberg.com
AI Agents Will Pay Attention
Also the Man City charges, cotton trade prints and investment bank apprenticeship.
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Matt Levine @matt-levine.bsky.social · 29/09/2026
This newsletter can be recharacterized in accordance with its substance. www.bloomberg.com/opinion/news...
bloomberg.com
Is Existential Risk Securities Fraud?
Also agentic bank runs, 351 ETFs and abandoned Nvidia options.
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Matt Levine @matt-levine.bsky.social · 28/09/2026
The timing of this newsletter may have something to do with my annual trip to the Burning Man festival, after which I tend to return ‘with ideas.’ www.bloomberg.com/opinion/news...
bloomberg.com
Banks Recycle the Risk
Also Nvidia’s buyback, Automattic intrigue and agentic sports betting.
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Matt Levine @matt-levine.bsky.social · 24/09/2026
This newsletter has long been viewed as a slog to be endured before switching to make real money on the buy side. www.bloomberg.com/opinion/news...
bloomberg.com
Morgan Stanley Leaked Some Deals
Pipelines, force majeure, private equity malaise, credit card risk tranching, egg futures, and Medicaid gambling.
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Matt Levine @matt-levine.bsky.social · 23/09/2026
Money Stuff's goal is to create national scale in an industry dominated by pint-sized newsletters. www.bloomberg.com/opinion/news...
bloomberg.com
Kalshi Levers the Predictions
Also Muse overcomes inertia, the AI factor, 14a-8 proposals and pool servicing.
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Matt Levine @matt-levine.bsky.social · 22/09/2026
This newsletter's business depends on customers who are reading within their means, are reading for entertainment and reading for fun. www.bloomberg.com/opinion/news...
bloomberg.com
Who Cares If a Merger Is Fair?
Appraisal, problem gamblers, Steak ’n Shake and World Liberty.
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Matt Levine @matt-levine.bsky.social · 17/09/2026
This newsletter was a beautiful madness while it lasted. www.bloomberg.com/opinion/news...
bloomberg.com
The Whole Indian Options Trade Was Too Good
Also compute futures manipulation, AI Ebitda add-backs and AI safety stereotypes.
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Matt Levine @matt-levine.bsky.social · 16/09/2026
I learned about the industry when my fifth grade teacher told me I'd make a terrific newsletter writer. www.bloomberg.com/opinion/news...
bloomberg.com
BlackRock Wants Pensions
Also Robinhood crypto insider traders, Epstein tax advice and a fifth-grade investment banker.
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Matt Levine @matt-levine.bsky.social · 15/09/2026
This is modern Money Stuff, where algorithms, AI agents, and career traders are all jockeying, minute by minute, for the newest hot newsletter, using analyst information, market trends, news reports, scuttlebutt from online forums, and other tea leaves. www.bloomberg.com/opinion/news...
bloomberg.com
Not All the Susquehanna Puts Were Bad
Also prediction market smart beta, stablecoin arbs and dopamine sites.
2210
Matt Levine @matt-levine.bsky.social · 14/09/2026
This newsletter has an incredible business model that is unfortunately very misunderstood. www.bloomberg.com/opinion/news...
bloomberg.com
AI Labs Want Someone to Stop Them
AI and antitrust, lockups and indexes, annuities, Montessori and sudden wealth syndrome.
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Matt Levine @matt-levine.bsky.social · 10/09/2026
I really hope that people think of Money Stuff as a kind newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Dallas Gets Some Equities
TXSE, Hudson River Trading, AI riches, Tether lending and Magic insider trading.
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Matt Levine @matt-levine.bsky.social · 09/09/2026
Rather than flowing to the intermediary chain as compensation for a friction-heavy service, this newsletter would be partly internalised by the US government at near zero cost. www.bloomberg.com/opinion/news...
bloomberg.com
AAA AI
AI lab ratings, hourly levered ETFs, Treasury selling Treasury futures and egg fines.
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Matt Levine @matt-levine.bsky.social · 08/09/2026
This quasi-fake newsletter I am creating on the island of Manhattan sows distrust amongst the public about financial markets in general. www.bloomberg.com/opinion/news...
bloomberg.com
Robinhood Tokenized AMC
Also the Apollo premium, a pension revival and a laptop meme coin.
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Matt Levine @matt-levine.bsky.social · 03/09/2026
This newsletter imposed minimal performance obligations on Mr. Levine relative to the amount he was paid. www.bloomberg.com/opinion/news...
bloomberg.com
The Clippers Got Some Consulting
Also DAT activism empty voting and Jeffrey Epstein’s tax art.
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Matt Levine @matt-levine.bsky.social · 02/09/2026
This newsletter was singularly made possible by my unique endowment of elbow grease, street smarts and common sense. www.bloomberg.com/opinion/news...
bloomberg.com
The ETF Dividend Flip
Also law firm economics, college football booster hedging and billionaire coin flipping.
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Matt Levine @matt-levine.bsky.social · 01/09/2026
We chose to focus on more relevant newsletters to ensure the best possible reader and advertiser experience. www.bloomberg.com/opinion/news...
bloomberg.com
Amazon Charged the First Price
Vickrey auctions, a GoPro meme merger and Kalshi gamblers.
0210
Matt Levine @matt-levine.bsky.social · 31/08/2026
This newsletter sounds long and you can only download it on PCs. www.bloomberg.com/opinion/news...
bloomberg.com
Don’t Hedge the KPIs
KPI hedging, KPI insider trading, leveraged ETF education and seized Anthropic shares.
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Matt Levine @matt-levine.bsky.social · 27/08/2026
Given a binding time-budget constraint, distracted subscribers may only be able to read certain newsletters at stochastic intervals – or, put less formally, when they have a spare moment. www.bloomberg.com/opinion/news...
bloomberg.com
AI Refi
Also evergreen funds and pod-shop gazumping.
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Matt Levine @matt-levine.bsky.social · 26/08/2026
No one has been harmed by this newsletter, and no one has claimed they were harmed. www.bloomberg.com/opinion/news...
bloomberg.com
Predict the KPIs
Also more TWG and a wedding toast.
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Matt Levine @matt-levine.bsky.social · 25/08/2026
You cannot run a newsletter successfully and profitably if your only access is what exists in the public market. www.bloomberg.com/opinion/news...
bloomberg.com
LeBron Bonds
Mark Walter, Situational Awareness subpoenas, AI lab loans.
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Matt Levine @matt-levine.bsky.social · 24/08/2026
Interns compared this newsletter to teaching parents how to use a phone. www.bloomberg.com/opinion/news...
bloomberg.com
Who Should Control Anthropic?
Also the leveraged ETF rebalancing trade, insider trading at the Duke game, AI interns and resume interests.
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Matt Levine @matt-levine.bsky.social · 13/08/2026
"I’m definitely a person,” I added in this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Bilateral OTC Goat Hedge
Programming note: Money Stuff will be off on vacation next week, back on August 24.
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Matt Levine @matt-levine.bsky.social · 12/08/2026
This newsletter is extraordinary, corrupt, and unconstitutional. www.bloomberg.com/opinion/news...
bloomberg.com
AI-Backed Securities
Data center securitizations, Truth Social API lawsuit, event contract jurisdiction and musical earnings calls.
0311
Matt Levine @matt-levine.bsky.social · 11/08/2026
This newsletter provides a strong foundation to support the next stage of the Money Stuff buildout as part of the broader Global Newsletter Renaissance. www.bloomberg.com/opinion/news...
bloomberg.com
Pick-and-Shovel Seller Financing
Nvidia, Tesla/SpaceX merger pay, SPV markups and retail tax trades.
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Matt Levine @matt-levine.bsky.social · 10/08/2026
Whether they want to admit it or not, many women have always been attracted to bad boys and risk-takers. I can’t think of any archetype of man that fits that description more today than newsletter writers that put it all on the line every day. www.bloomberg.com/opinion/news...
bloomberg.com
The Situation Is Fine
Also leveraged ETF momentum, GameStop’s eBay bid, event contract tick sizes and private equity boyfriends.
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Matt Levine @matt-levine.bsky.social · 06/08/2026
This newsletter throws lavish parties on a scale most student groups could never imagine, complete with bougie locations, open bars and reptile petting zoos. www.bloomberg.com/opinion/news...
bloomberg.com
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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Matt Levine @matt-levine.bsky.social · 05/08/2026
This newsletter is the perfect replacement for crypto because it produces a faster reward system in your brain. www.bloomberg.com/opinion/news...
bloomberg.com
SpaceX Unlocks Tomorrow
Also Situational Awareness margin calls, sports betting regulation and brokerage sports betting revenue.
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Matt Levine @matt-levine.bsky.social · 04/08/2026
This newsletter shows a clear interest in eventually building a slower-living vineyard/agricultural lifestyle. www.bloomberg.com/opinion/news...
bloomberg.com
Leveraged ETF Crash Hedging ETF
Cliquets, tax-aware long-short, George Santos, poor crypto decisions and dentists.
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Matt Levine @matt-levine.bsky.social · 03/08/2026
This newsletter is viewed as a lightweight and a one-hit wonder. www.bloomberg.com/opinion/news...
bloomberg.com
Hedgehog Hedge Fund
Situational Awareness hedging and margin, agentic retail investing, Bitcoin cold wallets and Anthropic hacks.
0173
Matt Levine @matt-levine.bsky.social · 30/07/2026
The “financial revolution” Money Stuff promised never materialized. www.bloomberg.com/opinion/news...
bloomberg.com
The Situation Deteriorated
Also election markets, PBC Revlon duties, Ionic Digital and World Liberty.
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Matt Levine @matt-levine.bsky.social · 29/07/2026
We at Money Stuff are proud to be a part of this burgeoning asset class. www.bloomberg.com/opinion/news...
bloomberg.com
SpaceX Crash Insurance
Structured notes, sports index futures, ETF proliferation and AI slop.
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Matt Levine @matt-levine.bsky.social · 28/07/2026
In some ways this newsletter is just about going back to basics. www.bloomberg.com/opinion/news...
bloomberg.com
Elevators Won’t Repair Themselves
Independent sponsors, Kalshi parlays, DAT-to-AI pivots and trust exercises.
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Matt Levine @matt-levine.bsky.social · 27/07/2026
Neglecting this newsletter is bad, but it doesn’t violate the Exchange Act. www.bloomberg.com/opinion/news...
bloomberg.com
A Merger Closing Mystery
Record dates, single-stock futures, not everything is securities fraud, prediction markets and bad arbitrage.
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Matt Levine @matt-levine.bsky.social · 23/07/2026
Readers already scan Money Stuff for phrases such as “Thank you for your attention to this matter,” which might indicate that it is an important newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Sports Happen So Much
Sports indexes, the basis trade, Truth API and Anthropic 10b5-1 plans.
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Matt Levine @matt-levine.bsky.social · 22/07/2026
It’s three guys and a Labrador running this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
The SEC Pays a Texting Fine
Also 351 exchange ETFs, SpaceX lockup releases and zombie funds.
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Matt Levine @matt-levine.bsky.social · 21/07/2026
While not guaranteed, this newsletter could easily turn up gold, industry experts say. www.bloomberg.com/opinion/news...
bloomberg.com
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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Matt Levine @matt-levine.bsky.social · 20/07/2026
A number of your peers are moving forward with this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Ice Cream Hedging
Also Truth API, levered Lucid, semiannual earnings, gray market peptides and reinspection fees.
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Matt Levine @matt-levine.bsky.social · 16/07/2026
A decade ago people just wanted to hire this newsletter. Today they are also happy to rent it. www.bloomberg.com/opinion/news...
bloomberg.com
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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Matt Levine @matt-levine.bsky.social · 15/07/2026
No one is complaining about the lack of buccaneering in this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Keeping Mergers Under the Radar
HSR, IPO wealth, SpaceX lockups, Apollo and debanking/rebanking.
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Matt Levine @matt-levine.bsky.social · 14/07/2026
Those who dislike this newsletter have essentially refused their own evolution. www.bloomberg.com/opinion/news...
bloomberg.com
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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Matt Levine @matt-levine.bsky.social · 13/07/2026
Maybe this newsletter doesn’t work permanently, but it works a little. www.bloomberg.com/opinion/news...
bloomberg.com
ETFs Are for Bets
Mets ETFs, TXSE listings, Bending Spoons HR quants and failed AI pivots.
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Matt Levine @matt-levine.bsky.social · 10/07/2026
This newsletter is based on objective and verifiable settlement criteria and will be based on events that are coordinated by relevant sports governing bodies. www.bloomberg.com/opinion/news...
bloomberg.com
Sports Gambling ETF
Also an insider trader and a chicken-to-AI pivot.
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Matt Levine @matt-levine.bsky.social · 09/07/2026
Readers may view as less desirable the potential corporate governance concerns, political risks, and heightened share-price volatility often tied to this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
Leave the Oil in the Pipes
Also ex-Elon ETFs, Egg Libor, middle-market banking and fundraising agents.
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Matt Levine @matt-levine.bsky.social · 08/07/2026
Already, there are signs of broader economic impacts from the winners and losers in this newsletter. www.bloomberg.com/opinion/news...
bloomberg.com
GameStop Has Enough Stock Now
Also merger arb, SRT insurance, World Cup hedging, Polymarket refunds and index rebalance windfalls.
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Matt Levine @matt-levine.bsky.social · 07/07/2026
No, I don’t want to be part of this newsletter's blood money. www.bloomberg.com/opinion/news...
bloomberg.com
Index Traders Had a Good Month
Rebalancing, the Strategy pivot and the AI-to-EA pipeline.
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Matt Levine @matt-levine.bsky.social · 06/07/2026
Competitive traders say this newsletter is ruining the sport with its focus on frivolous entertainment. www.bloomberg.com/opinion/news...
bloomberg.com
Untruth Machines
Botting, memecoins, puts, private credit, emerging markets and bowling.
1210
Matt Levine @matt-levine.bsky.social · 02/07/2026
Anyone who does not feel comfortable with the potentially new alignment of this newsletter has a chance here to exit. www.bloomberg.com/opinion/news...
bloomberg.com
Tricking the AI Investors
Homoglyphs, business negging, private bonds, BDCs, Bitcoin binaries, kamikaze drones and a DAT-to-AI pivot.
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Matt Levine @matt-levine.bsky.social · 01/07/2026
Suddenly, this newsletter arrived via mobile push alert, and I responded with jaunty disdain. www.bloomberg.com/opinion/news...
bloomberg.com
Egg Libor Was Also Manipulated
Eggs.org, the Susquehanna insider trading lawsuit, prediction market culture and sports gambling ETFs.
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Matt Levine @matt-levine.bsky.social · 30/06/2026
This newsletter knows how to prosecute a wide variety of weird and hairy and messy situations. www.bloomberg.com/opinion/news...
bloomberg.com
Susquehanna Sold Some Suspicious Puts
Also Millennium AI, Elliott cubs, the Stretch run and a SpaceX IPO misunderstanding.
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