Barstool Sports founder Dave Portnoy went after New York Mets owner Steve Cohen after the latter helped orchestrate a bailout of Melvin Capital amid GameStop stock-driving.
Portnoy first suggested Cohen and Robinhood executives should face penalties for implementing trading restrictions:
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 https://t.co/cEldMThZSD
— Dave Portnoy (@stoolpresidente) January 28, 2021
Cohen responded directly to Portnoy's initial tweet, saying he was happy to have an offline discussion.
Portnoy hardly obliged to Cohen's request to keep things going. But the discussion continued, with the Barstool mogul calling out the Mets owner:
I don’t do offline. That’s where shady shit happens. You bailed out Melvin cause he’s you’re boy along with Citadel. I think you had strong hand in todays criminal events to save hedge funds at the cost of ordinary people. Do you unequivocally deny that? https://t.co/x8MQhTXSIW
— Dave Portnoy (@stoolpresidente) January 28, 2021
Cohen denied the accusations, adding he can make any investment he chooses if he feels it is in the best interest of investors:
What are you talking about? I unequivocally deny that accusation. I had zero to do with what happened today Btw, If I want to make an additional investment with somebody that is my right if it’s in the best interest of my investors Chill out
— Steven Cohen (@StevenACohen2) January 28, 2021
Never one to cede ground in a Twitter argument, Portnoy asked why trading was halted on multiple shares, including AMC Entertainment.
When Cohen said he was unsure and encouraged Portnoy to direct those questions to Robinhood, Portnoy responded in GIF format:
— Dave Portnoy (@stoolpresidente) January 28, 2021
Portnoy himself has been quite open in broadcasting his individual trading exploits, so it is no surprise he had quite a bit to say with respect to Thursday's events.
There was another salvo, however. Portnoy made reference to the Wilpon family — who owned the Mets before being bought out by Cohen — and their involvement in the Bernie Madoff Ponzi scheme:
And the Mets fans hated Wilpon 😂 https://t.co/2PhHGh8lP4
— Dave Portnoy (@stoolpresidente) January 28, 2021
Cohen might well continue to face questions on the matter in the coming days, especially because of Mets fans' familiarity with the Wilpon-Madoff situation.
The Mets owner seems willing to have those tough conversations, even if he is a victim of Portnoy's constant trolling.
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