Billionaire Mets Owner In GameStop Battle Says He’s ‘Just Trying To Make A Living’

While the stock trading app Robinhood was busy freezing our accounts and losing common folk billions, Barstool owner Dave Portnoy and Mets owner Steve Cohen had quite the exchange over Twitter. When Portnoy insisted someone from Robinhood should be held accountable, Cohen fired back.

“Hey Dave, What’s your beef with me. I’m just trying to make a living just like you. Happy to take this offline,” Cohen wrote. What a joke.

Dave Portnoy has always been quite the rebel, but the reality is that he can’t be controlled. He’s the Donald Trump of sports media, whether he enjoys the comparison or not. Portnoy would benefit over the long haul if companies like Robinhood continued to prioritize the rich over the poor and working class, but he chooses to fight against the unfair play instead.

In this case, Steve Cohen wants to leave an impression that he has no horse in this race and that what Robinhood did was inappropriate. “Just trying to make a living”? Cohen is worth just north of $14.1 billion, so I think he’s got the living part figured out.

Can’t exactly say the same for the rest of us.

Where does this lead?

Cohen invited Portnoy offline because he wants to handle his business like most other billionaires do: under the table. Don’t believe me? When this week’s shenanigans went down and the common man started playing the game the way billionaires play them, they froze and sold some of our stock for us. Where’d all the billionaires go? Right under the table, where they are hiding as we speak.

In the meantime, Dave Portnoy is an unapologetically rich man who plays the game fair. He’s been aggressive and often times reckless, but he can because he’s a billionaire looking to control narratives. Most guys like Steve Cohen aren’t on our side the way we’d like them to be, so let’s at least acknowledge how out of touch they really are. The finale of Robinhood leads to Coinbase, and there’s nothing they can do to stop that train now.

Remember when the Mets were likable for a week, and then their GM flashed his talleywacker, and their owner turned out to be a Wall Street clown? Mets can’t catch a break.

Written by Gary Sheffield, Jr

Gary Sheffield Jr is the son of should-be MLB Hall of Famer, Gary Sheffield. He covers basketball and baseball for OutKick.com, chats with the Purple and Gold faithful on LakersNation, and shitposts on Twitter. You can follow him at GarySheffieldJr

8 Comments

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  1. Good last paragraph.

    Robin Hood is done as an app after this, hopefully there will be real penalties for those involved in this thing, but I doubt it.

    ‘Just trying to make a living’ — no you’re not, you’re trying to manipulate markets, push companies into bankruptcy and protect your billionaire buddies and their grift.

    They think they’re untouchable, because they are. They don’t care about fines, no one is going to jail for this.

  2. I bought some Gamestonk in my spec account. Who knows what will happen Monday. My guess is the buying frenzy will continue via Robinhooders opening accounts at other trading apps like WeBull, etc. and inflicting more pain on the hedgies.

    I am fairly certain that Robinhood can kiss their IPO goodbye 👋

  3. What really chaps me is these guys who “make a living” short selling contribute nothing to America. They just wait around for some poor company they can manipulate and leech on. If they lose their shirts so be it. Get a real job.

  4. Hey guys, real question…I have RH. Any advice on whether to just sell what I have and get rid of this bullshit? I’m a weekend warrior with this shit so the capital gains isn’t going to be too significant? My plan was to sit on what I have for a few years and buy more shares as time went on. Is money safe despite what might happen with RH if I were to keep it in there? Any impact if they file BK, get charged with crimes, lose lawsuits, etc? Thanks for any info

    • This is how it *SHOULD* work in the event RH goes under…

      Transfer all of your cash out first!

      Your securities would be transferred to another brokerage in an orderly manner. The amount of time it takes to complete this is unknown.

      *I’m not an advisor*

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