Nickel big shot called the shots

Matt Levine on Tsingshan metals, GameStop and index funds. If your position is big enough, you can tell the exchange what the market price is. Here, Levine reflects on how Xiang Guangda — the Chinese metals tycoon — blew up the London Metals Exchange in March 2022. In this piece, he also discusses a recent GameStop stock hump and a rise in ‘SoftBank Cubs’ in venture capital.