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New York Mets billionaire owner Steve Cohen has removed his Twitter account for death threats against his family after a heated week over his dealings with GameStop, he said in a statement Saturday.
He said he would ‘take a break for now’.
Cohen got a lot of attention when his hedge fund Point72 Asset Management invested $ 750 million in Melvin Capital on Tuesday in addition to Citadel’s reported $ 2 billion bailout, which is run by another billionaire Ken Griffin.
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Cohen took to Twitter to fire back, saying, “Rough crowd on Twitter tonight. Hey stock jockeys keep bringing it up.”
The tough attitude caught the attention of Barstool Sports founder Dave Portnoy on Thursday. Portnoy denounced Robinhood for restricting trades on rising stocks like GameStop and AMC.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 325.00 | +131.40 | + 67.87% |
BARSTOOL’S DAVE PORTNOY, METS ‘STEVE COHEN SPAR OVER GAMESTOP DRAMA
The two spar on social media before it seemed like they agreed to go their separate ways. On Friday, Cohen wanted to return to Mets talk, but later deleted his entire account.
Both fans of Mets and media responded.
Robinhood, TD Ameritrade, which is owned by Charles Schwab, along with other online apps, have limited trading on Thursday following an unexpected surge in trading volume from not only GameStop but AMC Entertainment, Bed Bath & Beyond, BlackBerry and others.
The company said on Thursday that it will “ limit trades for certain securities to closing positions, including $ AAL, $ AMC, $ BB, $ BBY, $ CTRM, $ EXPR, $ GME, $ KOSS, $ NAKD, $ NOK, $ SNDL, $ TR and $ TRVG “and” increased margin requirements for certain securities. “
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On Friday, GameStop closed at 325:00 and AMC closed at 1:26 PM.
Fox News’ Paulina Dedaj contributed to this report.