#Dave Portnoy of Barstool Sports loves GameStop stock chaos

“#Dave Portnoy of Barstool Sports loves GameStop stock chaos”
Barstool Sports founder Dave Portnoy is cheering on the Reddit-fueled GameStop chaos rocking the stock market.
“I love it,” he told The Post late Wednesday, before a wild day on Wall Street Thursday caused by the GameStop affair. “All the people complaining are just the establishment. Everyone has to play by their rules and now retail investors are kind of taking control and I love it.”
All hell broke loose this week when amateur online traders, many of them linked to the Reddit forum r/WallStreetBets, began pumping money into companies including GameStop, American Airlines and Bed, Bath & Beyond in an effort to undercut large, entrenched hedge funds that were shorting the businesses.
The push upended the market, with GameStop’s shares fluctuating in value by hundreds of dollars in the span of hours, and hedge funds hemorrhaging billions.
The turbulence subsided somewhat on Thursday when Robinhood, the online trading platform on which many of the outsider purchases were made, restricted deals involving those and other companies, provoking wide-ranging outcry and legal action.
Portnoy weighed in before getting into a feud with hedge funder-turned-Mets’ owner Steve Cohen over the Wall Street tumult.
The Robinhood move particularly set off Portnoy, who took to Twitter to accuse Cohen of having a hand in the freeze.
Cohen’s Point72 Asset Management chipped in to help keep afloat the hedge fund run by his former protege, Gabe Plotkin, who reportedly lost some 30 percent of his portfolio in the chaos.
Not one to shy away from controversy, Portnoy — himself an avid trader who last year told Business Insider that his net worth fluctuated between $50 million and $100 million as he played the markets — said that he’s enjoying the ride, even as admitted that he didn’t know whether he would walk away a winner on the upheaval
“I don’t know if I’m going to make or lose money on it,” he said. “But I love it.”
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