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'I think he's a rat and a liar': Watch Dave Portnoy and Vlad Tenev's heated Robinhood debate

Feb 25, 2021, 21:47 IST
Business Insider
Barstool Sports/YouTube
  • The Barstool Sports founder and the Robinhood CEO spoke on Portnoy's YouTube channel on Tuesday.
  • Portnoy opened by calling Tenev a 'rat' and pressed the CEO on Robinhood's liquidity issues.
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If you missed the livestreamed conversation between Barstool Sports' Dave Portnoy and Robinhood CEO Vlad Tenev, here's what you need to know-and how to watch.

It started on an awkward note. In his introduction, Portnoy made his opinions known: "We all know how I feel about [Tenev,] I think he's a rat and a liar."

Portnoy opened the conversation by asking Tenev: "Ok, Vlad, you know everybody here who's watching this hates your guts, right?"

"That's what I hear," the CEO responded.

The insults died down while Portnoy pressed Tenev on what happened with Robinhood's temporary restrictions on GameStop and other "meme stock" trading.

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Portnoy accused Tenev of betraying Robinhood's mission - serving retail investors - in favor of protecting the firm. But Tenev responded that market volatility and stock freezes spoke to "deep systemic vulnerability in the financial system."

"It wasn't just a Robinhood-unique issue," he said.

In the 38-minute conversation, Tenev and Portnoy discussed February's Congressional hearings on the GameStop market volatility. In addition to the substance of the hearings, Portnoy brought up Tenev's look.

"Your hair - it looks normal here," Portnoy told Tenev, but at the hearings, he called Tenev's blunt cut "a ridiculous look." Tenev sported a "Taco Tuesday" hat for the livestream.

The conversation, which aired on Tuesday night, is available in full on YouTube.

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