Matt Levine, Columnist

Spotify Will Pay Banks to Cut Out the Banks

Also bank earnings, societal value, airline conspiracies, cryptowhatsits and golf.

January 16, 2018 at 9:25 AM EST

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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Spotify will be fine.

The most encouraging news that I've seen for the financial industry so far this year may be this Wall Street Journal article about Spotify AB's plan to disrupt Wall Street by avoiding an initial public offering and doing a direct listing, cutting out the banks and dealing "a blow to the already beleaguered stock-selling business." Because apparently the way you disrupt and beleaguer banks is by hiring three of them and paying them $30 million:

Before it’s here, it’s on the Bloomberg Terminal

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