All the financial world continues to get flipped on its head, some notable figures in the sports world find themselves right in the thick of it, specifically Barstool Sports founder Dave Portnoy and Mets owner Steve Cohen.
The two engaged in a Twitter feud on Thursday stemming from the GameStop drama this past week, particularly the decision for the Robinhood app put limitations on trading GameStop and other certain stocks.
The decision was made after Redditors began buying the stock to drive up its price, which resulted in investors with short positions on GameStop to lose substantial amounts of money.
Among those who held such a short position was Melvin Capital, which Cohen’s hedge fund -- 72Point Asset Management -- along with Citadel, infused a combined $2.75 billion into Melvin to essentially bail them out.
Portnoy, furious by the actions of Robinhood on Thursday, began to target Cohen when he learned of the Mets owner’s involvement in the saga.
It was the above tweet that elicited a response from Cohen himself.
That’s when the two began going back-and-forth with each other.
Despite the disagreements, there did appear to be some mutual respect between the two and they did find common ground on one thing as things cooled off.
Although, it did not seem to really lead to a resolution between the two.
It is never a dull moment when the worlds of sports, finance and social media intertwine.
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