Back
Vishu Bheda
ย โขย
Medialย โขย 11m
This is the greatest heist in business history. This guy sold his company for $550M... Then bought it back for JUST $1. The original buyers lost $800M in the process. Here's the incredible story of how Dave Portnoy won his company back. In 2003, Dave Portnoy launched a small betting newspaper in Boston. At first, it was ignoredโuntil he put women in bikinis on the cover. The paper gained attention and grew. In 2007, as print media struggled, Dave went online and created Barstool Sports, a raw, unfiltered alternative to polished media like ESPN. By 2020, Penn Gaming bought Barstool for $551M. But Barstoolโs bold style caused regulatory issues in the gambling industry. In 2023, Penn sold Barstool back to Dave for $1 to secure a $2B deal with ESPN. Dave kept creative control and declared heโd never sell again. Now, Barstool thrives with total freedom, new partnerships, and multiple revenue streamsโtruly a masterclass in business. Follow for more valuable content like this.
Replies (12)
More like this
Recommendations from Medial
Sashwad Malola
Say Wassup money!? o...ย โขย 5m
Gave โน10 to a shopkeeper. Bought an item for โน9, got โน1 back. Then bought something else for โน2 and gave that โน1 back. Now the shopkeeper has โน10 and a โน1 coin I returned. So technicallyโฆ I bought โน11 worth of stuff for just โน10. And he paid me a r
See More
Anonymous
Hey I am on Medialย โขย 1y
The biggest problem faced by those who have made money through predominantly cash transactions in personal-centric businesses in Kerala and India is the lack of a place to store the accumulated untaxed cash. They do not need returns; they want an ass
See More
Shuvodip Ray
ย โขย
Protonย โขย 3m
x.com was once Elon Muskโs online banking startup in 1999, which later became PayPal. Musk bought the domain back in 2017 for sentimental reasons. In 2023, after acquiring Twitter, he rebranded it to X and moved it to x.com โ bringing his vision full
See More
Saurav Singh
Building neoynai.co...ย โขย 24d
Jan Koum โ From poverty to $19B > Born in a small village in Ukraine, grew up poor. >Migrated to the US with his mother, cleaned floors & worked as a janitor. Couldnโt even afford phone calls to his father back home. >Built WhatsApp in 2009. >In 201
See More
Udyamee
Baki sab thik ?ย โขย 1y
Paytm will bounce back โผ๏ธ The company excels in management and is innovative in finding ways to generate revenue. Don't know why but I am biased toward Paytm and want it to succeed and overcome its current challenges. Yesterday, I bought some Pay
See More
Download the medial app to read full posts, comements and news.