Latest news with #OrangeMonday
Hindustan Times
2 days ago
- Business
- Hindustan Times
Who is Dave Portnoy? Barstool Sports founder reveals why he voted for Trump
Dave Portnoy recently got candid about his decision to vote for Donald Trump. The Barstool Sports founder admitted that his support for the president during the November election was more of an 'indictment' of Democrats than personal support for the Republican Party. The businessman spoke to NPR's Steve Inskeep on his political leanings and his long-standing support for Trump. The 48-year-old explained that he was often grouped with people like Joe Rogan and Theo Von. 'We have a male audience. Like, we may feel very differently on certain issues,' he said. When questioned about backing Trump, Portnoy said, 'It's more an indictment of, I would say, the Democrats (than an) endorsement of Trump's politics.' 'I'm pro-choice. I think people would say that is not a typical bro standpoint.' Portnoy is an entrepreneur who has established Barstool Sports, a sports and culture platform. He sold Barstool in 2020 and reacquired it in 2023. Also known as 'El Presidente,' he has over three million followers on X (formerly Twitter) and 5.6 million followers on Instagram. He also owns the Barstool Sportsbook betting app. Portnoy is a long-time Trump supporter. In 2015, he famously said, 'I don't care if he's a joke. I don't care if he's racist. I don't care if he's sexist. I don't care about any of it. I hope he stays in the race and I hope he wins.' In April, the Barstool Sports founder revealed that he had lost $20 million in three days since Trump's tariff announcements rocked the global markets. He termed April 8 as 'Orange Monday' due to the stock market plummeting after the announcement of reciprocal tariffs. However, the internet personality reaffirmed his support for Donald Trump and said he did not regret voting for him, despite losing 10-15 per cent of his net worth due to market volatility. He is an entrepreneur who is the founder of the sports and culture platform Barstool Sports. Portnoy is also famous for his One Bite Pizza reviews. The businessman has a net worth of $150 million, according to After selling Barstool Sports to casino and online gambling operator Penn Entertainment for $550 million, Portnoy bought back the company for $1 and certain non-compete clauses and other restrictive covenants.
Yahoo
09-04-2025
- Business
- Yahoo
Dave Portnoy says he'd ‘absolutely' vote for Dems in midterms if Trump continues to rattle economy
Barstool Sports founder Dave Portnoy declared on Wednesday that while he is 'willing to still give' Donald Trump time for his tariffs to work, he would 'absolutely' consider supporting Democrats in the 2026 midterm elections if the stock market and economy continue to flounder. 'I was never some crazy MAGA guy,' Portnoy insisted. Portnoy, whose 'Barstool conservatism' helped swing young males to Trump during the 2024 election, has been one of the growing number of Trump backers in recent days who have been openly critical of the president's 'Liberation Day' import taxes. 'Welcome to Orange Monday,' Portnoy dubbed the start of trading this week on his 'Davey Day Trader' livestream. Since then, Portnoy has estimated that he's lost at least $20 million amid the tariff-fueled 'bloodbath' in the stock market. Despite claiming he's lost roughly 15 percent of his net worth since the tariff announcement, Portnoy said he planned on sticking with Trump, whom he labeled a 'smart guy.' During a Wednesday interview with CNN anchor Dana Bash, which took place just before Trump suddenly announced a 90-day pause on most tariffs that led to a market surge, 'El Presidente' reiterated his vow to give the president some space to prove that his economic policies will eventually pan out and not plunge the American economy into recession. 'So it's uncomfortable anytime the stock market is like this and you're invested in it, it's certainly uncomfortable. But I stand with it,' Portnoy said. 'You know, he ran on tariffs. He said he was a tariff fan. And I don't pretend to be an economist. I don't think I realized that we'd have this market crash. I don't think most people did.' He continued: 'But I think he believes in what he's doing and trying to basically strong-arm China and get better deals for the U.S. I'm willing to still give him time. I think the big date is the midterms, which is a long time out. But I do think that in this country, the number one issue, no matter what is going on, is the economy. And if the stock market doesn't show some signs of rebound or rebounding by then, I think people will speak with their vote.' Perhaps sensing the stunning reversal that Trump would pull later in the afternoon, Portnoy pointed out how Monday's false story about Trump considering a 90-day pause on the levies caused a brief spike. 'And when there's been a fake rumor or a misquote — like he's going to postpone the tariffs or whatever — if he would come out and say, 'Hey, we did this great agreement with Japan or Vietnam,' the stock market would rip,' the Barstool owner said. 'I firmly believe that. Instead, what he's saying is everyone's kissing his a** last night. But that's Trump. Like that is that is how he speaks.' After Portnoy said he couldn't 'wait a year and a half' if the stock market were to keep dropping but is 'hoping his 'Art of the Deal' comes to fruition,' Bash wondered if the sports pundit would consider switching political parties if the economic chaos continued. 'Yeah, absolutely,' he responded. 'I voted for Trump, I support him. I was never like some crazy MAGA guy!' Saying that what 'really drove' him to the right was Democrats 'hiding Biden's mental state' and not having a primary after the former president dropped out of the 2024 race, Portnoy insisted that he's 'not somebody who would just strictly vote based on Republican or Democrat.' Still, Portnoy noted that his audience — which is primarily young men — weren't yet 'jumping ship' on the president despite his chaotic trade policies and stock market volatility, largely because they feel the left is 'far more intolerant' than the right. This isn't the first time that Portnoy — who claims the president considered making him commerce secretary — has been critical of Trump and his administration. Following the scandal over the White House's national security team inadvertently adding a journalist to a Signal group chat that included highly sensitive war plans, Portnoy said that 'somebody's got to go down for this.'
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The Independent
09-04-2025
- Business
- The Independent
Dave Portnoy says he'd ‘absolutely' vote for Dems in midterms if Trump continues to rattle economy
Barstool Sports founder Dave Portnoy declared on Wednesday that while he is 'willing to still give' Donald Trump time for his tariffs to work, he would 'absolutely' consider supporting Democrats in the 2026 midterm elections if the stock market and economy continue to flounder. 'I was never some crazy MAGA guy,' Portnoy insisted. Portnoy, whose ' Barstool conservatism' helped swing young males to Trump during the 2024 election, has been one of the growing number of Trump backers in recent days who have been openly critical of the president's 'Liberation Day' import taxes. 'Welcome to Orange Monday,' Portnoy dubbed the start of trading this week on his 'Davey Day Trader' livestream. Since then, Portnoy has estimated that he's lost at least $20 million amid the tariff-fueled 'bloodbath' in the stock market. Despite claiming he's lost roughly 15 percent of his net worth since the tariff announcement, Portnoy said he planned on sticking with Trump, whom he labeled a 'smart guy.' During a Wednesday interview with CNN anchor Dana Bash, which took place just before Trump suddenly announced a 90-day pause on most tariffs that led to a market surge, 'El Presidente' reiterated his vow to give the president some space to prove that his economic policies will eventually pan out and not plunge the American economy into recession. 'So it's uncomfortable anytime the stock market is like this and you're invested in it, it's certainly uncomfortable. But I stand with it,' Portnoy said. 'You know, he ran on tariffs. He said he was a tariff fan. And I don't pretend to be an economist. I don't think I realized that we'd have this market crash. I don't think most people did.' He continued: 'But I think he believes in what he's doing and trying to basically strong-arm China and get better deals for the U.S. I'm willing to still give him time. I think the big date is the midterms, which is a long time out. But I do think that in this country, the number one issue, no matter what is going on, is the economy. And if the stock market doesn't show some signs of rebound or rebounding by then, I think people will speak with their vote.' Perhaps sensing the stunning reversal that Trump would pull later in the afternoon, Portnoy pointed out how Monday's false story about Trump considering a 90-day pause on the levies caused a brief spike. 'And when there's been a fake rumor or a misquote — like he's going to postpone the tariffs or whatever — if he would come out and say, 'Hey, we did this great agreement with Japan or Vietnam,' the stock market would rip,' the Barstool owner said. 'I firmly believe that. Instead, what he's saying is everyone's kissing his a** last night. But that's Trump. Like that is that is how he speaks.' After Portnoy said he couldn't 'wait a year and a half' if the stock market were to keep dropping but is 'hoping his 'Art of the Deal' comes to fruition,' Bash wondered if the sports pundit would consider switching political parties if the economic chaos continued. 'Yeah, absolutely,' he responded. 'I voted for Trump, I support him. I was never like some crazy MAGA guy!' Saying that what 'really drove' him to the right was Democrats 'hiding Biden's mental state' and not having a primary after the former president dropped out of the 2024 race, Portnoy insisted that he's 'not somebody who would just strictly vote based on Republican or Democrat.' Still, Portnoy noted that his audience — which is primarily young men — weren't yet 'jumping ship' on the president despite his chaotic trade policies and stock market volatility, largely because they feel the left is 'far more intolerant' than the right. This isn't the first time that Portnoy — who claims the president considered making him commerce secretary — has been critical of Trump and his administration. Following the scandal over the White House's national security team inadvertently adding a journalist to a Signal group chat that included highly sensitive war plans, Portnoy said that 'somebody's got to go down for this.'
Yahoo
09-04-2025
- Business
- Yahoo
YouTuber and entrepreneur MrBeast slams Trump's ‘brutal' tariffs
(The Hill) – Entrepreneur and YouTube star MrBeast slammed President Trump's 'brutal' tariffs in a post on the social platform X on Tuesday. 'Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' MrBeast, whose real name is Jimmy Donaldson, said in a thread on X, in reference to his line of 'Feastables' chocolate bars. China hits US, Trump with new 50 percent tariff, raising total to 84 percent Donaldson later added that his brand provides 'our farmers a living income' and works with 'fair trade certified beans, etc. so I was already spending a lot on cocoa.' 'A random price hike was pretty brutal [not going to lie,]' Donaldson continued. 'We'll figure it out. I feel for small businesses though. Could really be a nail in the coffin for them.' In the wake of Trump's tariff announcement last week, economic anxieties have heightened and markets across the globe have tanked. The president's tariff policy has also strained his relationship with congressional Republicans, with seven GOP senators recently signing on to a bill that would make the president notify Congress 48 hours ahead of fresh tariffs. Dave Portnoy, the founder of Barstool Sports and a fellow popular internet personality, also ranted about Trump during a livestream on Monday morning over losses the stock market faced due to the tariffs. (Portnoy has previously expressed support for the president.) After saying 'there's no political agenda' to his livestream, Portnoy told his viewers to brace for 'Orange Monday,' a reference to both Trump and the Black Monday stock market crash of 1987. 'Trump's tariff's have absolutely decimated the market,' he said shortly after the opening bell rung. 'And it's ugly.' The Hill has reached out to the White House for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Express Tribune
09-04-2025
- Business
- Express Tribune
MrBeast slams Trump's tariffs, says it's now cheaper to make Feastables chocolates outside of the US
YouTube megastar and entrepreneur MrBeast has voiced concern over Donald Trump's controversial new tariffs, warning they could spell trouble for small businesses — while ironically helping his own global chocolate empire. On Tuesday, MrBeast, whose real name is Jimmy Donaldson, called Trump's economic moves 'brutal' in a post on social media, revealing the impact on his snack brand, Feastables. 'Because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' he explained. Feastables' chocolate products are made in Peru by Machu Picchu Foods SAC, and global customers now enjoy cheaper prices due to countries avoiding the U.S. tariff. 'Other countries don't have a 20%+ tariff on our cogs [cost of goods sold],' he added, pointing out the irony that global sales may thrive more than domestic ones under the new rules. MrBeast emphasized his commitment to ethical production despite high costs. 'BTW we pay our farmers a living income, use fair trade certified beans, etc. so I was already spending a lot on cocoa. A random price hike was pretty brutal ngl. We'll figure it out.' However, he warned of a more severe impact on others. 'This could really be a nail in the coffin for [small businesses],' he said, highlighting the fragile position many entrepreneurs now face. Donaldson, 26, is one of the highest-paid digital creators globally, with an estimated annual income of $54 million, per Forbes. Since launching his content empire in 2012, he has built a following of over 230 million subscribers on YouTube and nearly 100 million followers on TikTok. While known for philanthropy and viral stunts — like giving away houses and dropping $20,000 from drones — MrBeast has expanded his empire into food, smartphone apps, and video game tournaments. His Feastables snack line, launched in 2022, includes chocolate bars, cookies, and gummies. MrBeast's criticism joins a chorus of business voices slamming Trump's tariff policies. Earlier this week, Barstool Sports founder Dave Portnoy also blasted the move, dubbing April 7 'Orange Monday' after claiming he lost 20 percent of his net worth. 'This is a decision that one guy made that crashed the whole stock market,' Portnoy said in a video rant. Despite the volatility, MrBeast remains focused on adapting. 'We'll figure it out,' he assured followers. For now, Feastables fans overseas may be enjoying a sweeter deal — even if the path to global success comes at a domestic cost.
