Matt Levine, Columnist

Bed Bath & Beyond Missed the Memes

Also private-equity recruiting, bank return-to-office and crypto exchange error in your favor.

August 31, 2022 at 2:57 PM EDT

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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My basic view is that if you are a company that has become a meme stock, you should do an at-the-money offering to sell as much stock as you can to retail investors at irrational prices. There are, however, reasonable objections to that view. Two are:

Bed Bath & Beyond missed its window by like two weeks:

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