Matt Levine’s Money Stuff is a wonderful reminder of the madness inherent in our modern world.  He’s brilliantly dissected the TMTG SPAC PIPE and in today’s post has an incredibly funny take on Big’s Peloton-related fate in HBO Max’s “And Just Like That…”.   A totally fictional streaming video episode manages to cause a billion dollar shift in PTON’s real-world market value, forcing the company to issue a statement with a cardiologist’s post mortem re. the real (?fictional) cause of death. What a crazy world we live in.

For more, see Birds Aren’t Real in the Times…