Lots More with Matt Levine on MicroStrategy's Infinite Money Machine
Everyone knows by now that MicroStrategy looks a lot like a giant Bitcoin ETF. Its founder, Michael Saylor, is a huge supporter of the cryptocurrency and his company has been snapping up billions of dollars worth of the coins. The strategy has so far proved successful. In fact, MicroStrategy is trading at a market cap that's worth more than the value of its entire Bitcoin portfolio. How does this happen? And how long can it keep going? In this episode, we speak with Bloomberg Opinion's Matt Levine. We talk to him about how MicroStrategy has created a sort of "perpetual motion machine" of investment and how the strategy is starting to expand to other companies, too.
Money Stuff: Crypto Perpetual Motion Machines
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Lots More with Matt Levine and Mike Mackenzie
For those who can't get enough Odd Lots, we're now offering you... "Lots More." This new podcast show, appearing on Fridays, will see hosts Tracy Alloway and Joe Weisenthal chatting with some of your favorite Odd Lots guests about the latest breaking news and the biggest themes on their minds in markets, finance and economics. Joe’s away for this episode. So Tracy gathers two of her favorite Bloomberg colleagues — Matt Levine and Mike Mackenzie — to talk about the basis trade that’s got regulators worried, plus the recent bond market selloff, reminiscences over Tokyo in the 1990s and much more.
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Matt Levine on the Collapse of FTX and Alameda
It was on an episode of the Odd Lots podcast in April 2022 that Sam Bankman-Fried infamously characterized yield farming as a "box," in a metaphor that made the practice sound a lot like a ponzi scheme. Of course, in the wake of the collapse of his two main firms — FTX and Alameda Research — that conversation looks more and more like a huge red flag, but also provides insight into the shaky finances of his crypto empire. Bloomberg Opinion columnist Matt Levine was also a guest on that episode and he joins us again this week to discuss where we are in the fallout out of the FTX saga.
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Matt Levine On What to Watch In Twitter vs. Elon Musk
This week, Twitter sued Elon Musk, attempting to force him to make good on his 44 billion buyout offer for the company. This story has already been surreal in many ways, and now we might get an actual trial out of it in a Delaware court. So what should we expect, in terms of the process and the law? On this episode we speak with Bloomberg Opinion columnist Matt Levine, who has been chronicling the whole saga in his newsletter Money Stuff. He walks us through the general legal arguments, and what to expect in a theoretical trial.
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EP 19: Matt Levine, Meme Stocks, Crypto Crash and Terrible Attempts at Crime
(00:00) Intro
(00:13) Intro Zach and Packy
(01:07) Solana
(05:14) Crypto Ecosystem
(13:00) Crypto Use Cases
(18:02) Crypto Investments
(21:45) Elon’s Ultimatum
(27:43) Billionaire Senate Run
(32:04) VC Firm’s Scam & Media War
(37:39) Sheryl Sandberg Steps Down
(48:03) Matt Levine Intro
(49:39) Leaving Goldman Sachs
(52:26) Joining Deal Breaker
(55:04) Choosing Topics
(1:01:08) Crypto as a Lab for Financial Institutions
(1:02:08) Deal Breaker to Bloomberg
(1:07:00) Finance Bro Groupies
(1:08:14) r/WallStreetBets
(1:12:31) Insider Trading
(1:15:17) Crypto
(1:22:13) Elon and Twitter
(1:25:08) Elon and the SEC
(1:29:01) Writing on Unexpected Topics
(1:31:16) Impact of Meme Stocks
(1:33:11) Future Writing
(1:34:51) Outro
Links:
VC threatened a media war against a start-up after unsolicited investment https://sifted.eu/articles/heroes-amazon-solid-capital/
Elon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get Out https://www.bloomberg.com/news/articles/2022-06-01/musk-s-tesla-ultimatum-return-to-office-or-work-somewhere-else
https://twitter.com/elonmusk/status/1531867103854317568?s=20&t=cKRzLoqnu1HMX-LPLCbZFQ
Solana goes down for over 6 hours https://cryptopotato.com/solana-goes-down-for-over-6-hours-validators-prepare-for-restart/
Coinbase pauses new hiring and rescinds accepted offers https://blog.coinbase.com/update-on-hiring-plans-bcedfa634989
US Charges Ex-OpenSea Exec With NFT Insider Trading https://www.coindesk.com/policy/2022/06/01/us-charges-ex-opensea-exec-with-nft-insider-trading/
Mixed and edited: Justin Hrabovsky
Produced: Andrew Nadeau and Rashad Assir
Executive Producer: Josh Machiz
Music: Griff Lawson
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About the Show
A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.
Executive Producer: Rashad Assir
Producer: Leah Clapper
Mixing and editing: Justin Hrabovsky
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About the Show
Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode of The Logan Bartlett Show, we sit down with the people behind today’s most important startups and extract the tactics, lessons, and frameworks they’ve learned the hard way. Conversations span hiring to GTM, product, growth, fundraising and everything in between - collectively forming the ultimate playbook to make you a better CEO, investor or board member.
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Matt Levine Dissects Elon Musk's Controversial Tweet
There's been an intense debate about what Tesla CEO Elon Musk meant when he tweeted in early August that he was taking the company private and that funding was "secured.” Bloomberg Opinion writer Matt Levine discusses how securities regulators might view such a comment.
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