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The latest tweets from @mikeportnoy. In less than one month since Portnoy kicked off 'The Barstool Fund' with his own $500,000, the fundraiser has tallied $20,119,270 from more than 156,000 donors and has aided 92 small businesses. Portnoy’s bull in a china shop approach to labor law has gotten him in trouble already this year. In 2019, he tweeted that he would fire any employee who attempted to unionize.
Influencers on Finance Twitter have seen a rise in popularity recently as retail traders have turned to the social media platform for trading advice.
Benzinga is pointing out some of the biggest names, in a series on these 'FinTwit' influencers.
This week, it's 'Davey Day Trader' Dave Portnoy.
A watermelon and pizza connoisseur, who last week inadvertently filmed a Chicago carjacking while taste-testing a passerby’s McDonald’s Spicy McChicken sandwich, is followed not only for his entertainment value but also for his trading advice.
His Focus: As founder of Barstool Sports, a partner of Penn National Gaming, Inc. (NASDAQ: PENN), it’s not surprising Portnoy’s trading is focused on the sports betting sector. He does weigh in on other sectors, however, and recently supported retail traders as they tried to take on the Wall Street elite by running up meme stocks.
Man Of The People: Portnoy and VanEck Vectors, a U.S. investment firm, recently launched an ETF that holds stocks trending on social media. The move came following the GameStock Corporation (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) mania. The VanEck Vectors Social Sentiment ETF (NYSE: BUZZ) doesn’t hold meme stocks, however. Some of the top holdings in the fund are Twitter Inc (NYSE: TWTR) at 3.52% and DraftKings Inc (NASDAQ: DKNG), which makes up 3.37% of its holdings.
Swaying The Crowd: Like Chamath Palihapitiya, Portnoy’s tweets sometimes bring controversy. A wild card who can become aggressive for seemingly no reason, Portnoy’s live trading videos often echo a person watching their favorite sports team win or lose, which makes him exciting to watch. Portnoy is also known to pick fights with hedge funds and sets up Wall Street-versus-Main Street duels in doing so.
“PRISON TIME. Dems and Republicans haven’t agreed on 1 issue till this. That’s how blatant, illegal, unfathomable today’s events are. It also shows how untouchable @RobinhoodApp @StevenACohen2C Citadel Point72 all think they are. Fines aren’t enough. Prison or bust,” Portnoy wrote in a tweet aimed at hedge fund billionaire Steve Cohen amid the furor over Robinhood's trading halts in January.
He Sticks To His Game: Although sometimes venturing outside the sports sector, Portnoy usually sticks to what he knows, tweeting out advice on how to play Penn National.
“Don’t trust me. I could be wrong for 1st time in 20 years. I’m not a financial advisor. But only a fool wouldn’t buy the dip. $penn,” he wrote during last week's red streak.
Last month Portnoy took to Twitter to post a video in support of another e-gaming stock, claiming to have taken a $2.7 million position in Canada's Score Media and Gaming Inc. (NASDAQ: SCR), although he made his fans guess the company based on clues.
“Fine! It rhymes with ‘the door,’ that’s all I’m saying. And I had to figure out how to buy it because it ain’t American,” he said on the video.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gord Miller a hockey reporter for TSN and NBC called out Dave Portnoy and all of Barstool Sports on Twitter.
Miller accused Barstool of being a company that discriminates and that they “condone non-consensual sex”
David Portnoy Twitter Page
“My problem with Barstool is the history of unapologetic misogyny, racism, xenophobia and the repeated condoning of non-consensual sex. If not wanting to associate with that makes me part of “cancel culture”, or constitutes “virtue signalling” or being “woke”, I’m OK with that.”
Portnoy Twitter LiveGMillerTSN on Twitter
It is no secret to anyone who has read stuff I have written for Vendetta that I follow Barstool pretty closely, would consider myself a fan. I listen to some of their content, read the blogs and follow them on Twitter, but these accusations are far from anything I have ever heard or read.
Dave Portnoy, the founder of Barstool Sports, came to the defense of his company.
How Much Is Dave Portnoy Worth
We are clearly in a crazy time of the world, “cancel culture” seems to be a trending topic on Twitter twice a month as the world is trying to get rid of the hatefulness.
This is not the first time people have tried to cancel Barstool, and Portnoy knows the typical playbook, he challenged Miller to a debate about the accusations he made publicly.
Portnoy Barstool Twitter
It would be an interesting discussion to have the accuser and Portnoy square off live. The non-consensual sex accusation stems from early Barstool days when they did raves/concerts called The Blackout Tour. They went college to college throwing great parties, doing what they could to make money and grow their content game.
The name of the tour sounds aggressive, but it wasn’t named after the idea of getting blacked out (so they say). It was named that way due to the black lights, which made it rave-like.
TL//DR: Gord Miller calls out Barstool and Dave Portnoy on Twitter for being a company full of hate and discrimination.
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