May 2, 2026

May, 2, 2026
May 2, 2026

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Cohen vs Portnoy: Billion Dollar Market-Makers think they are Untouchable

A real life rumble over GameStop between Wall Street and Main Street broke out Thursday between hedge fund billionaire Steve Cohen and day-trading poster boy Dave Portnoy.

The back-and-forth kicked off when Portnoy, founder of blogging site Barstool Sports, blasted Cohen, the billionaire owner of the Mets, for restrictions on trading apps like Robinhood that have hurt novice investors behind the spectacular rally in small stocks like Gamestop.

“PRISON TIME,” Portnoy said in a tweet that linked to Cohen, founder of Point72 Capital, as well as Citadel, a hedge fund run by billionaire Ken Griffin.

“Dems and Republicans haven’t agreed on 1 issue till this. That’s how blatant, illegal, unfathomable today’s events are. It also shows how untouchable @RobinhoodApp @StevenACohen2C Citadel Point72 all think they are. Fines aren’t enough. Prison or bust.”

Portnoy made the comment while linking to a news article reporting anger from legislators over Robinhood trading restrictions forbidding users from buying certain stocks, including GameStop.

Cohen snapped 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.”

“I don’t do offline. That’s where shady s*** happens,” Portnoy said.

He then accused Cohen of having a hand in controversial restrictions on trading apps like Robinhood that are hurting novice investors behind the spectacular rally in small stocks like Gamestop. Hedge funds have lost billions in the rally by shorting these stocks, including Cohen’s Point72, which is down a more than 10 percent.

“I think you had strong hand in todays criminal events to save hedge funds at the cost of ordinary people.  Do you unequivocally deny that?,” Portnoy said.

He cited as evidence Cohen’s recent efforts to bail out fellow hedge fund Melvin Capital Management from losses suffered by betting against stocks like GameStop, known as “shorting.”

Cohen’s Point72 Asset Management together with Griffin’s Citadel invested a combined $2.75 billion into Melvin, run by Cohen’s former protege Gabe Plotkin. Citadel also executes trade orders on behalf of Robinood.

“You bailed out Melvin cause he’s you’re boy along with Citadel,” he retorted.

Cohen defended himself saying, “What are you talking about? I unequivocally deny that accusation. I had zero to do with what happened  today…chile out.”

Portnoy continued: “Then in your professional option why was trading halted on $amc $gme $nok $sndl $nakd ? I’d be very curious?”

“Good question,” Cohen shot back. “Those questions should be directed at Robin Hood etc. I’m a trader just like your like you are . When you find out give me a holler.”

“I do think the brokers should make a statement . Seems reasonable,” he added.

The two men then seemed to make amends with Portnoy applauding Cohen for speaking up. “At least you are speaking and trying to answer. That is appreciated.”

But elsewhere the feud between Main Street and Wall Street continued to simmer with much of the outrage directed at Citadel, which is the largest purchaser of Robinhood’s order flow.

Citadel’s deal with Robinhood, which has it paying the app to execute user trades, has long led to concerns on Wall Street that this gives the hedge fund part of the business special insight into the market — something Citadel has long denied.

The company on Thursday insisted that it keeps its market-making securities business and hedge fund trading business separate — and said it had nothing to do with Robinhood’s trading restrictions, which sent shares of GameStop down 44 percent.

“Citadel Securities has not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business,” the company said in a statement. 

That didn’t stop angry investors from lashing out.

“We have just witnessed Ken Griffin interfere with the markets to limit losses This was a heist. We need to investigate,” @chitriman wrote on Twitter.

“This is actually Citadel who Robinhood runs through, they are blocking [GamseStop], AMC, and the others,” a Reddit user wrote. “Robinhood is a victim of the bigger fish too.”

Dave Portnoy
CLICK HERE FOR
SOURCE

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Franklin Graham, Leaders Across America To Kick Off 50 Days Of Prayer For Our Nation On May 15

Will Graham will kick off this national movement on May 15. For the following 50 days, church leaders from each state will lead a short prayer via video, asking God to move in our households, government, and society. Graham will conclude this special season of prayer, thanking God for how He has blessed the United States and seeking His mercy, direction, and provision as we celebrate our nation’s founding on the Fourth of July.

On The Brink: How Much Longer Before God Intervenes In Our World?

Although the “mystery of lawlessness,” mentioned in the above passage, was already at work during the first century AD, it has grown exponentially in recent years. In the past several months, we have heard reports of how corrupt politicians have facilitated the theft of mindboggling amounts of taxpayer funds. The total exceeds several hundred billions of dollars. The numbers are impossible to fully grasp.

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Stoking Violence: The Assassination Culture In America Is Not A Problem Coming From ‘Both Sides Of The Aisle’

The assassination culture we're seeing in America right now is not a problem coming from “both sides of the aisle." Yet this is the claim the mainstream media runs with every time there is an attempt on a conservative's life, and there have been many in recent years. We witnessed it again this past weekend when President Trump was targeted for death yet again by a radical leftist at the White House Correspondents Dinner in DC.

ABC's of Salvation

Decision

UTT

FOI

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Israel My Glory

A real life rumble over GameStop between Wall Street and Main Street broke out Thursday between hedge fund billionaire Steve Cohen and day-trading poster boy Dave Portnoy.

The back-and-forth kicked off when Portnoy, founder of blogging site Barstool Sports, blasted Cohen, the billionaire owner of the Mets, for restrictions on trading apps like Robinhood that have hurt novice investors behind the spectacular rally in small stocks like Gamestop.

“PRISON TIME,” Portnoy said in a tweet that linked to Cohen, founder of Point72 Capital, as well as Citadel, a hedge fund run by billionaire Ken Griffin.

“Dems and Republicans haven’t agreed on 1 issue till this. That’s how blatant, illegal, unfathomable today’s events are. It also shows how untouchable @RobinhoodApp @StevenACohen2C Citadel Point72 all think they are. Fines aren’t enough. Prison or bust.”

Portnoy made the comment while linking to a news article reporting anger from legislators over Robinhood trading restrictions forbidding users from buying certain stocks, including GameStop.

Cohen snapped 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.”

“I don’t do offline. That’s where shady s*** happens,” Portnoy said.

He then accused Cohen of having a hand in controversial restrictions on trading apps like Robinhood that are hurting novice investors behind the spectacular rally in small stocks like Gamestop. Hedge funds have lost billions in the rally by shorting these stocks, including Cohen’s Point72, which is down a more than 10 percent.

“I think you had strong hand in todays criminal events to save hedge funds at the cost of ordinary people.  Do you unequivocally deny that?,” Portnoy said.

He cited as evidence Cohen’s recent efforts to bail out fellow hedge fund Melvin Capital Management from losses suffered by betting against stocks like GameStop, known as “shorting.”

Cohen’s Point72 Asset Management together with Griffin’s Citadel invested a combined $2.75 billion into Melvin, run by Cohen’s former protege Gabe Plotkin. Citadel also executes trade orders on behalf of Robinood.

“You bailed out Melvin cause he’s you’re boy along with Citadel,” he retorted.

Cohen defended himself saying, “What are you talking about? I unequivocally deny that accusation. I had zero to do with what happened  today…chile out.”

Portnoy continued: “Then in your professional option why was trading halted on $amc $gme $nok $sndl $nakd ? I’d be very curious?”

“Good question,” Cohen shot back. “Those questions should be directed at Robin Hood etc. I’m a trader just like your like you are . When you find out give me a holler.”

“I do think the brokers should make a statement . Seems reasonable,” he added.

The two men then seemed to make amends with Portnoy applauding Cohen for speaking up. “At least you are speaking and trying to answer. That is appreciated.”

But elsewhere the feud between Main Street and Wall Street continued to simmer with much of the outrage directed at Citadel, which is the largest purchaser of Robinhood’s order flow.

Citadel’s deal with Robinhood, which has it paying the app to execute user trades, has long led to concerns on Wall Street that this gives the hedge fund part of the business special insight into the market — something Citadel has long denied.

The company on Thursday insisted that it keeps its market-making securities business and hedge fund trading business separate — and said it had nothing to do with Robinhood’s trading restrictions, which sent shares of GameStop down 44 percent.

“Citadel Securities has not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business,” the company said in a statement. 

That didn’t stop angry investors from lashing out.

“We have just witnessed Ken Griffin interfere with the markets to limit losses This was a heist. We need to investigate,” @chitriman wrote on Twitter.

“This is actually Citadel who Robinhood runs through, they are blocking [GamseStop], AMC, and the others,” a Reddit user wrote. “Robinhood is a victim of the bigger fish too.”

Dave Portnoy
CLICK HERE FOR
SOURCE

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Of News Events Around The World.

Franklin Graham, Leaders Across America To Kick Off 50 Days Of Prayer For Our Nation On May 15

Will Graham will kick off this national movement on May 15. For the following 50 days, church leaders from each state will lead a short prayer via video, asking God to move in our households, government, and society. Graham will conclude this special season of prayer, thanking God for how He has blessed the United States and seeking His mercy, direction, and provision as we celebrate our nation’s founding on the Fourth of July.

On The Brink: How Much Longer Before God Intervenes In Our World?

Although the “mystery of lawlessness,” mentioned in the above passage, was already at work during the first century AD, it has grown exponentially in recent years. In the past several months, we have heard reports of how corrupt politicians have facilitated the theft of mindboggling amounts of taxpayer funds. The total exceeds several hundred billions of dollars. The numbers are impossible to fully grasp.

untitled artwork 6391

Stoking Violence: The Assassination Culture In America Is Not A Problem Coming From ‘Both Sides Of The Aisle’

The assassination culture we're seeing in America right now is not a problem coming from “both sides of the aisle." Yet this is the claim the mainstream media runs with every time there is an attempt on a conservative's life, and there have been many in recent years. We witnessed it again this past weekend when President Trump was targeted for death yet again by a radical leftist at the White House Correspondents Dinner in DC.

ABC's of Salvation

TV AD

worldview matters

Decision Magazine V AD

Decision

Jan Markell

Israel My Glory

Erick Stakelbeck

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YOU CARE ABOUT

BIBLICAL TRUTH.

SO DO WE.

Together, We Can Deliver A Biblical Understanding Of News Events Around The World And Equip The Church To Stand With A Biblical Worldview.

untitled artwork

Israel My Glory

YOU CARE ABOUT

BIBLICAL TRUTH.

SO DO WE.

 

Together, We Can Deliver A Biblical Understanding Of News Events Around The World And Equip The Church To Stand With A Biblical Worldview.