The New York Mets owner says he gave up on Twitter because his family received threats he attributed to “misinformation” that was not related to the baseball team.
Steve Cohen’s hedge fund, Point72, has become tangled in the turmoil of the market which pitted a gang of small investors against traders who bet on – or “shortened” – shares of companies, including GameStop.
The hedge funds that short-circuited GameStop lost billions as small investors auctioned off the company’s shares. One of the short sellers, Melvin Capital, announced this week that it had received a $ 750 million infusion from Point72.
“I really enjoyed back and forth with Mets fans on Twitter, who unfortunately were overwhelmed this week by the unrelated misinformation with the Mets that led our family to personal threats,” Cohen said in a statement on Saturday. Mets. “So I’m going to take a break for now.”
The hedge fund billionaire told Mets fans, “We have other ways to listen to your suggestions and keep our commitment to do so.” He added that this week’s events will not affect the team’s resources.
Cohen first took a stake in the Mets in 2012. Last year he won 95% ownership in a business that valued the club at $ 2.4 billion, a record selling price for a Major League Baseball team. League.
The Mets tied for last place in the Eastern National League division last season. This month, the team fired its newly hired general manager after reporting that it sent explicit and unsolicited messages to a female reporter a few years ago.