Judge tosses Michael Rapaport’s defamation suit against Barstool Sports
Barstool boss confronts ‘rat’ Robinhood CEO over GameStop saga
Jose Canseco fires back at Dave Portnoy after $1M boxing ‘dive’ accusation
Dave Portnoy accuses Jose Canseco of taking ‘dive’ in $1 million boxing fiasco
Dave Portnoy wants investors to get their heads out of the gutter.
The Barstool Sports boss brushed off speculation that his latest leaked sex tape was weighing on Penn National Gaming’s stock price this week.
Portnoy addressed the leak Tuesday as shares of the casino company that owns about a third of his Barstool empire slid roughly 2.6 percent to end the day at $104.09.
“A stock is down because somebody has consensual sex? Are you f—ing kidding me?” Portnoy said in a profane video he posted to Twitter, urging his 2.4 million followers to buy Penn’s shares while the price was lower.
“I would jump on this dip and I would f— it,” he said. “No pun intended.”
Portnoy claims to own a “ton” of stock in Penn, which paid $136 million for a 36 percent stake in Barstool last year with plans to eventually own about half the company.
The Pennsylvania-based outfit has since launched casino sportsbooks and a sports-betting app emblazoned with Barstool’s brand, which Penn CEO Jay Snowden recently touted as an “undervalued media asset.”
While it’s unclear whether Portnoy’s purported sex tape actually drove down Penn’s share price Tuesday, the day-trading maven suggested that investors shouldn’t pay it any mind given that two other salacious clips of him have previously gotten out.
He also tweeted that it’s a “federal crime” to watch or post the video.
“Penn stock is down because there’s a f—ing sex tape of me? Hey, news flash: It’s the third f—ing one,” he said.
“What are you gonna f—ing do?” he added. “It’s the internet. So I have sex. People f—ing know that.”
Penn shares continued their three-day slump Wednesday by falling as much as 1.7 percent in early trading. The stock was off about 0.9 percent at $103.14 as of 10:04 a.m.
Share this article:
Source: Read Full Article