Steve Cohen said the “personal threats” his family received for the GameStop saga were forcing him to flee Twitter for now.
The new Mets owner in a statement on Saturday explained why his Twitter account, which had shown a little-known playful side of the hedge fund mogul while engaging with fans, was turned off Friday night.
“I really enjoyed coming and going with Mets fans on Twitter, which unfortunately was overwhelmed this week by the unrelated Mets-related misinformation that caused our family to receive personal threats,” the statement said. . “So I will take a break for now. We have other ways to listen to your suggestions and remain committed to doing so.
“I love our team, this community and our fans, who are the best in baseball. The bottom line is that this week’s events do not affect our resources in any way and drive the position of a team of championship in the field. #LGM! ”
Cohen’s source of wealth, rather than his recent purchase, became the focus of his 64-year-old Twitter account this past week, thanks to the financial world’s GameStop saga. Cohen’s Point72 Asset Management and its hedge fund Citadel, led by billionaire Ken Griffin, had reportedly invested $ 2.752 billion combined in Melvin Capital Management, which has been crushed after an attempt to reduce GameStop shares. Melvin is run by former Cohen protégé Gabe Plotkin.
On Thursday, Cohen took to Twitter with Dave Portnoy after the founder of Barstool Sports blew up the Mets owner after restrictions imposed on commercial apps, such as Robinhood, that were hurting novice investors who were behind the globe of stocks by GameStop.
Boomer Esiason, the WFAN host in the morning, tore Cohen out on Friday, saying he would stop attending the Mets games “until he finds out exactly what’s going on here” with Cohen’s involvement in the affair.