Barstool Sports President Dave Portnoy has been monitoring the situation with the stock market like much of the world has and judging by his Twitter account, he’s absolutely furious with the trading app Robinhood, which has now prohibited the trading of certain stocks in order to protect the elite.
It began early on Thursday morning when Portnoy noticed the internet was abuzz with complaints that AMC and Nokia were no longer tradable on the Robinhood app.
Wait are people not being allowed to buy $amc and $nok?
— Dave Portnoy (@stoolpresidente) January 28, 2021
This quickly turned to anger and when Portnoy gets angry, Portnoy sets a goal. This goal revolved around making Robinhood pay for its blatant market manipulation and screwing over the regular guy.
I will burn @RobinhoodApp to the ground if they shut down free market trading.
— Dave Portnoy (@stoolpresidente) January 28, 2021
Portnoy continued his verbal assault on Robinhood and even calling for the jailing of those in charge.
“And it turns out @RobinhoodApp is the biggest frauds of them all,” tweeted Portnoy. “‘Democratizing finance for all” except when we manipulate the market cause too many ordinary people are getting rich.”
And it turns out @RobinhoodApp is the biggest frauds of them all. “Democratizing finance for all” except when we manipulate the market cause too many ordinary people are getting rich pic.twitter.com/Xcvs4CdEmr
— Dave Portnoy (@stoolpresidente) January 28, 2021
Somebody is going to have to explain to me in what world @RobinhoodApp and others literally trying to force a crash by closing the open market is fair? They should all be in jail.
— Dave Portnoy (@stoolpresidente) January 28, 2021
Portnoy then called out Robinhood’s co-founder directly.
Hey buddy @bprafulkumar explain yourself.
— Dave Portnoy (@stoolpresidente) January 28, 2021
The Barstool Presidente then made some predictions.
Either @RobinhoodApp allows free trading or it’s the end of Robinhood. Period.
— Dave Portnoy (@stoolpresidente) January 28, 2021
Ameritrade I expect. @RobinhoodApp entire business model is to cater to the exact people they are now trying to fuck with and scare into selling. They will never recover from this.
— Dave Portnoy (@stoolpresidente) January 28, 2021
To give you just how much insight as to how much Portnoy’s word means, CNBC featured his bashing of Robinhood as a breaking story.
Either @RobinhoodApp allows free trading like they say they do or they die. It’s really that simple. #ddtg pic.twitter.com/ZHfTjLxV5h
— Dave Portnoy (@stoolpresidente) January 28, 2021
During a live broadcast that had over 22,000 viewers, Portnoy declared that he was going to sue Robinhood but offered no timeframe as to when he was going to do that. He also made it clear that those taking part in the stock market revolt should hold for as long as they should.
“Hold. Be calm. Hold. Be calm. Hold. Be calm,” he repeated.
The unprecedented revolt that is currently happening on the stock market has taken the country by storm. A bipartisan agreement seems to have been reached on the matter, with voters on both sides of the aisle agreeing that this storming of the market my regular people to screw over hedge fund managers attempting to force manipulation of the market to protect their own money to be, not just a good thing, but the right thing to do.
Portnoy appears to be positioning himself as a figurehead of this revolt.
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