The owner of the New York Mets, Steve Cohen, he will be taking a “break” from Twitter after saying his family received personal threats this week.
“I really enjoyed coming and going with Mets fans on Twitter, which unfortunately was overtaken this week by misinformation unrelated to the Mets that led to our family receiving personal threats,” Cohen said in a Saturday. statement after he deactivated your account on Friday evening.
“So I’m taking a break for now. We have other ways to listen to your suggestions and stick with them. 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 assemble a championship team, ”he added.
Cohen’s decision to leave Twitter appears to stem from a conflict between independent investors and hedge funds. Everyday traders, mobilized on Reddit, have invested all the money they can find in the inventory of video game retailer GameStop and a few other companies. Due to his purchase, the stock prices of those companies have risen unimaginably.
Cohen’s Point72 Asset Management got involved when he made a $ 750 million investment in Melvin Capital Management, a hedge fund that had bet heavily against GameStop and attracted the ire of Reddit users.
GameStop was up nearly 70% on Friday to close at $ 325. Over the past three weeks, the stock has generated a whopping 1,600% profit. The danger for day traders is that stocks can crash at any time.
Before closing his Twitter account, Cohen, the richest owner in baseball, is worth more than $ 14.5 billion.
Among Cohen’s critics, WFAN morning host and former NFL quarterback Boomer Esiason said he would stop going to Mets games “until you know exactly what’s going on here,” regarding Cohen’s involvement in the GameStop situation. .
ESPN’s Joon Lee and The Associated Press contributed to this story.