Three Arrows Had a Fun Bubble - Bloomberg

Also UBS bought Credit Suisse, are stablecoins securities, crypto funds North Korea’s missile program and Jeff Bezos bought a share of stock. Matt Levine Subscriber Benefit Subscribe Programming note: Money Stuff was supposed to be off today but I got bored so here you go. I have a model of Adam Neumann that goes like this. There was a bubble for a particular sort of tech startup, one that scaled very quickly and used lots of buzzwords and had big ambitions and bad unit economics and raised tons of money from SoftBank Group Corp. Adam Neumann saw that bubble and said “well, I should be on the other side of that.” The other side of that bubble was not shorting a bunch of tech startup stocks: That’s risky, and anyway you couldn’t really do it because the bubble was in tech startups with no publicly traded stock. No, the other side of the bubble was starting a startup, and making it the most egregious imaginable example of the bubble. Scale the fastest, talk the most nonsense, have the wo

Also UBS bought Credit Suisse, are stablecoins securities, crypto funds North Korea’s missile program and Jeff Bezos bought a share of stock. Matt Levine Subscriber Benefit Subscribe Programming note: Money Stuff was supposed to be off today but I got bored so here you go. I have a model of Adam Neumann that goes like this. There was a bubble for a particular sort of tech startup, one that scaled very quickly and used lots of buzzwords and had big ambitions and bad unit economics and raised tons of money from SoftBank Group Corp. Adam Neumann saw that bubble and said “well, I should be on the