# @benzinga on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/Chcuep0KDFN
- **Gondola URL:** https://gondola.cc/posts/21841423-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/25fa9d42bd.jpg
- **Posted:** 2022-08-19T17:06:58.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Two days after PENN Entertainment Inc. announced a full buyout of Barstool Sports, Barstool founder and CEO Dave Portnoy appeared on Fox Business to discuss the buyout and his take on meme stock trading.

"I'm just going to live the same lifestyle I always have, except maybe more extravagantly," Portnoy said.

Portnoy, who adopted the moniker "Davey Day Trader", also said he plans to invest some of his newfound wealth in the market.

"I still have crypto, I've got Bitcoin. I got back in at [$36,000], so I'm taking a beating there," he said. "But my net worth is still all tied into Penn… That's my investment. The other stuff is all fun and games."

Portnoy also criticized GameStop Corp. chairman Ryan Cohen for dumping his shares of meme stock Bed Bath & Beyond Inc. after the stock skyrocketed more than 350% in less than a month.

"Anytime the little guy gets stuck holding the bag, you feel awful for them. And that's what happened in the whole meme stock movement when they stopped the trading," he said.

"When older investors lecture the newer investors on how they've got to take it seriously and the anti-meme stock [stuff], everybody's in it to make money and everyone is using every advantage they can," Portnoy said.

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## Stats

- **Views:** 58,992
- **Likes:** 332
- **Shares:** 0
- **Comments:** 5

## Tags

barstool, money, trading, success, stockmarket, moneymoves, cryptocurrencies, memestocks, barstoolsports, portnoy, investing, financefreedom, wallstreet, stocktrading, wealth, stockmarketinvesting, forex, wealthy, btc, business, entrepreneur, crypto, bitcoin

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