The owner of the New York Mets, Steve Cohen, Will take a “break” from Twitter after saying his family received personal threats this week.
“I really enjoyed coming and going with Mets fans on Twitter, who unfortunately was overwhelmed this week by erroneous non-Mets-related information that led our family to receive personal threats,” Cohen said in a communicated on Saturday after deactivating his account on Friday night.
“So I’m going to take a break for now. We have other ways to listen to your suggestions and keep the commitment to do so. I love our team, this community and our fans, who are the best in baseball. This week’s events will in no way affect our resources and our drive to put on a championship team, ”he added.
Cohen’s decision to leave Twitter appears to stem from a conflict between independent investors and hedge funds. Daily traders, mobilized on Reddit, have invested all the money they can find in the shares of video game retailer GameStop and a few other companies. Their purchase has raised the stock prices of these companies beyond the imagination of anyone.
Cohen’s Point72 Asset Management became involved when it made a $ 750 million investment in Melvin Capital Management, a hedge fund that had bet heavily on GameStop and angered Reddit users.
GameStop shot up nearly 70% on Friday to close at $ 325. Over the past three weeks, the stock has generated a staggering gain of 1,600%. The danger for daily traders is that, at any moment, stocks could collapse.
Before closing his Twitter account, Cohen, the richest owner of baseball, worth more than $ 14.5 billion.
Among Cohen’s critics, WFAN morning presenter and former NFL quarterback Boomer Esiason said he would stop going to the Mets games “until he knows exactly what’s going on here.” Cohen’s involvement in the GameStop situation.
Joon Lee of, ESPN, and The Associated Press, contributed to this note.