Matt Levine, Columnist

Dogecoin Is Up Because It’s Funny

Also integer formatting, Theranos, prime brokerage and sneakers.

May 6, 2021 at 12:44 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back Monday.

Look I enjoyed GameStop as much as anyone. It was dumb fun, it seemed to say something weird and alarming but not too serious about financial capitalism, nobody got too badly hurt, it had some good characters, it kept us entertained for a while. Non-fungible tokens are exasperating, but in an interesting way. I thought the deli was pretty good. Financial news in 2021 is incredibly stupid, sure, but I can take pleasure in it.

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