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Barstool Sports founder Dave Portnoy took to Twitter on Thursday to express his anger over the GameStop and Robinhood trade drama with Steve Cohen, owner of Mets billionaire Mets. select shares.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 193.60 | -153.91 | -44.29% |
Cohen’s hedge fund Point72 Asset Management invested $ 750 million in Melvin Capital on Tuesday, along with Citadel’s $ 2 billion bailout, run by another billionaire Ken Griffin.
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Cohen hit back on Twitter, saying: ‘Rough crowd on Twitter tonight. Hey stock joggers bring it on. ”
Following the new trade restrictions on Robinhood on Thursday, Portnoy quoted Cohen’s message as questioning his connection to the ‘madness’ of the day.
In another tweet that slammed the trading app, Portnoy Cohen again called for the involvement of his hedge fund, this time a jail or a jail. ‘
But Cohen replied this time, saying, ‘Hey Dave, what’s your cow with me? I’m just trying to make a living like you. Happy to take it offline. ”
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Portnoy fired back, accusing Cohen of being involved in “the criminal events of today.”
“I do not do offline. This is where shady s — happen. You saved Melvin because he is your son with Citadel. I think you have strongly contributed to criminal events today to save hedge funds at the expense of ordinary people. Do you unequivocally deny it? ‘
Cohen simply denied the allegation. “If I want to make an additional investment with someone who has my right if it is in the best interests of my investors.”
“Relax.”
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The back and forth went on, but Cohen tried to disperse the situation and Portnoy said he was “just a trader like you” and that it was “reasonable” for brokers to make a statement about the new trading restrictions.
Cohen offered more and more explanations to which Portnoy replied, “You are at least talking and trying to answer. It is appreciated.”
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| SCHW | CHARLES SCHWAB | 53.74 | +0.45 | + 0.84% |
Robinhood, TD Ameritrade, owned by Charles Schwab, along with other online programs on Thursday limited respectively, after an unexpected increase in the trading volume of not only GameStop but also AMC Entertainment, Bed Bath & Beyond, BlackBerry and others.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.63 | -11.27 | -56.63% |
| BB | BLACKBERRY LIMITED | 14.65 | -10.45 | -41.63% |
| BBBY | BED BATH & BEYOND INC. | 33.64 | -19.25 | -36.40% |
ROBIN HEAD RESTRICTIONS TRADE IN ASSOCIATED SUPPLIES
The company said Thursday that it’s transactions for certain securities limited to closing positions only, including $ AAL, $ AMC, $ BB, $ BBY, $ CTRM, $ EXPR, $ GME, $ KOSS, $ NAKD, $ NOK , $ SNDL, $ TR and $ TRVG “and” increased margin requirements for certain securities. “
Fox Business Audrey Conklin contributed to this report.