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Matt Levine

Dogecoin Is Up Because It’s Funny

Also integer formatting, Theranos, prime brokerage and sneakers.

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.