Matt Levine, Columnist

Wash Your Meebits in Web3

Also NFT taxation, reverse pitches for startups and Microsoft/Activision.

January 19, 2022 at 1:12 PM 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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Here’s a trade.

The main point of this trade is that, in a frothy market for fast-growing companies, you can sell $1 of the right kind of revenue for much more than $1, and so it is worth your while to create some revenue, dress it up to look like the right kind of revenue and then sell it to someone.

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

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