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.