Barstool Sports Sold For Just $1
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
What? Dave Portnoy Paid just one dollar to buy Barstool Sportsback Pens and Wednesday it will record a loss of up to 850 million dollars on the transaction they gave it to him for one dollar, his net worth just jumped by three to five hundred million dollars. That's so crazy. So they basically gave Barstool back to Portnoy for one dollar but under the condition that if Fortnite ever sells Barstool again, he has to pay 50 of the sale to Penn Barcel. If you're listening right now and you need the world's best trading Financial Show for full on degeneracy.
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Lol. He bought it for a dollar, but somehow it is worth millions? Sure it is.
He can't get advertising money from sportsbooks which is their biggest revenue (non compete with PENN ESPN sportsbook).
Probably just like anything else, the IRS will call bullshit and ask for their appropriate “share.”