Bobby Ghosh & Lionel Laurent, Columnists

Matt Damon Isn't the Cure for Crypto's Crack Up

Is it time to measure social-media derision as an investment metric?

Star pitchman.

Photographer: Christopher Goodney/Bloomberg
Lock
This article is for subscribers only.

What social media giveth, it can also take away. After a year in which investors learned to watch Reddit for market sentiment, a deluge of online derision over Matt Damon’s cringe-inducing commercial for a cryptocurrency exchange poses a new challenge: how to measure scorn as an investment metric.

Paris-based Bloomberg Opinion columnist Lionel Laurent spoke with Bobby Ghosh about celebrity shills for crypto. This is a lightly edited version of their conversation.