The New York Mets owner says he left Twitter because his family received threats he attributed to “misinformation” that was not tied to the baseball team.
Steve Cohen’s hedge fund, Point72, has been converted wrapped up in the market turmoil which has pitted a gang of small investors against traders who bet on corporate stocks, or “in short,” including GameStop.
The hedge funds that caused a short circuit on GameStop have lost billions while small investors have offered the company’s shares. One of the short sellers, Melvin Capital, announced this week that it received a $ 750 million infusion from Point72.
“I really enjoyed coming and going with Mets fans on Twitter, which unfortunately was overwhelmed this week by the misinformation that had nothing to do with the Mets that caused our family to receive personal threats,” Cohen said Saturday in a statement issued by the Mets. “So I’ll take a break for now.”
The hedge fund billionaire told Mets fans, “We have other ways to listen to your suggestions and stay committed to doing so.” He added that this week’s events would not affect the team’s resources.
Cohen first participated in the Mets in 2012. Last year he won 95% of the property in a deal that valued the club at $ 2.4 billion, a record selling price for a Major League team. Baseball.
The Mets tied for last place in the Eastern Division of the National League last season. This month, the team fired its newly hired CEO after reporting that it had sent explicit, unsolicited messages to a journalist several years ago.