Barstool Sports founder Dave Portnoy tries day trading, loses $647,000

Barstool Sports founder Dave Portnoy at the Nasdaq on February 27, 2020, after Penn National Gaming bought a stake in the media business valuing it at $450 million.

Barstool Sports.

• Barstool Sports creator Dave Portnoy says he’s down about $647,000 after ending up being a day trader to substitute for the lack of sports gambling amid the coronavirus pandemic.

— Dave Portnoy (@stoolpresidente) April 20, 2020

By the end of the very first week, Portnoy stated he was down about $200,000

Portnoy solidified his status as a multimillionaire in 2016 when Peter Chernin’s Chernin Digital Group gotten his controversial comical sports brand. When Portnoy gets irritated by the performance of a stock, he releases extreme, typically expletive-laden tirades akin to those frequently seen in the pre-coronavirus period, when Portnoy live-streamed his responses to sporting events on which he ‘d gambled large amounts of money.

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