Barstool’s Dave Portnoy raises more than $3M for small businesses
Dave Portnoy, founder of Barstool Sports, says he’s ‘encouraged’ by those who donated to the cause, adding that ‘hopefully it’s just the beginning.’
Barstool Sports founder Dave Portnoy called venture capital investor Chris Sacca "an idiot" after Sacca shared "a little hard truth" for new investors.
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"To everyone who got into trading stocks this year, I have a little hard truth for you," Sacca, who has a net worth of $1.2 billion, tweeted Thursday. "You're not actually that good at it. You just caught a wild bull market. Take some money off the table."
Portnoy, who took up day trading this year and has seen some positive results, told FOX Business that "he's never heard of Chris Sacca" but added, "He sounds like a sour loser and an idiot."
BARSTOOL'S DAVE PORTNOY RAISES 2.6M FOR 6 SMALL BUSINESSES — AND COUNTING
The sports media figure livestreams his daily trading sessions on Twitter to give his followers a glimpse into both his successes and failures as he slings positions worth hundreds of thousands of dollars.
Dennis Gartman, University of Akron Endowment Committee chair and former publisher of the Gartman Letter, previously criticized Portnoy in a June 26 op-ed for FOX Business.
BARSTOOL'S DAVE PORTNOY LEADS ARMY OF NEW TRADERS INTO STOCK MARKET
"Portnoy and his legion are having their proverbial day in the sun. But eventually, that sun shall set, or eventually, darker clouds will eclipse that sun. You can count upon that as a fact," Gartman wrote. "Soon the music these 'investors' are dancing to will either stop or turn atonal; soon he and they will find out that investing is very, very hard work."