Mets owner Steve Cohen shuts down Twitter account over death threats

Billionaire investor Steve Cohen , owner of the Mets baseball team , viewed by small investors as an enemy in GameStop’s stock drama this week, deleted his Twitter account due to alleged death threats against him and his family, he said. a spokeswoman.

“I’m going to take a break for now,” Cohen said on Twitter late Friday, citing “personal threats.” 

His account no longer appeared on Saturday and a spokeswoman for Cohen’s Point72 Asset Management confirmed that it was closed.

The owner of the Mets and GameStop

Small investors, connected on social media, mobilized to take on the institutional short sellers of GameStop and other stocks, causing a small contraction that sent share prices higher. Details of Cohen’s holdings were not disclosed, so it was unclear if he was a short seller.

However, Cohen’s Point72 and Citadel LLC gave a capital injection to Melvin Capital , a fund that had a large short position on GameStop, allowing it to close that position at a large loss and survive.

Cohen, who previously used Twitter primarily to engage with fans of the New York Mets baseball team after he bought a majority stake last year, was among the fund managers who received threats as the GameStop saga unfolded. .

On Thursday, Cohen had a heated debate with blogger Dave Portnoy, who founded the sports and pop culture blog Barstool Sports. Cohen, worth about $ 14 billion, tweeted: “Hi Dave, what’s your problem with me? I’m just trying to make a living like you. “

Point72 lost 10-15% in value from the beginning of the year to the middle of the week, people familiar with the numbers said.

The Wilshire 5000 Total Market Index , known as the 'Buffett indicator' , compares the value of the stock market to the size of Read more

The Omaha Oracle Company revealed three modifications, so far classified as secret, to its portfolio due to the coronavirus pandemic. Read more

Berkshire Hathaway earned $ 7 billion in the first quarter, up 20% Warren Buffett is 90 years old. His right hand Read more

Founded Ark Invest in 2014 to launch exchange traded funds and assets Wall Street has a new star. This is Catherine Read more

Ark Innovation had attracted billions for its good returns Wall Street's rising star is shining less now. Catherine Woods , the manager Read more

Movements in Cathie Wood's investment portfolio Ark Investment Management, led by Cathie Wood, bought 3,182 shares, with an estimated value Read more

Leave a Reply