Matt Levine

speaker
4,268 appearances 11 recordings 1 series first heard Jun 2026 last heard 4d ago

Matt Levine’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months
5 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 11 in all, peaking in Jul 2026 with 5.

Appearances

newest first · ▶ plays the moment
People get very confused. voice-verified
Yeah, it's very strange. voice-verified
Like, people don't understand this stuff. voice-verified
Like, people get confused about how record dates work and X dates work. voice-verified
And in fact, I've mentioned Exoma previously bought another biotech company that, like, also messed up its record date stuff. voice-verified
It put out a press release basically saying, voice-verified
Yes. voice-verified
Yes. voice-verified
Apparently this is common in biotechs is to mess up record dates. voice-verified
I don't really know why. voice-verified
So the press release said if you own it through August 25th, then you get the thing. voice-verified
But it also said that August 25th was the X date, which is a technical term meaning you don't get the thing. voice-verified
So it said you do and don't get the thing on August 25th. voice-verified
And eventually they had to clarify it after the fact. voice-verified
And the stock traded in between the price of the thing and the price without the thing because some people read the press release one way and some people read the press release the other way. voice-verified
Similarly here, like the stock traded between the price with the CVR and the price without the CVR because people genuinely didn't know how to take things. voice-verified
And different people had different opinions. voice-verified
And that's what makes a market. voice-verified
Well, I think that like, there's sort of not a record date for a merger. voice-verified
Like when the merger closes, the people who own the stock get like the stuff. voice-verified
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