The bid for OpenAI’s nonprofit is top-tier M&A trolling by Musk, as it complicates OpenAI’s fundraising by likely altering the cost of equity for new investors (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
The bid for OpenAI’s nonprofit is top-tier M&A trolling by Musk, as it complicates OpenAI’s fundraising by likely altering the cost of equity for new investors  —  Also passthrough fees, memecoins and financial advisers who tell you how to give away all your money.  —  OpenAI hostile takeover