The owner of the New York Mets, Steve Cohen, will take 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 overwhelmed this week by unrelated misinformation about the Mets, which led to receiving personal threats from our family,” he said. Cohen on Saturday in a statement after you deactivated your account on Friday night.
“So I’m taking a break for now. We have other ways to listen to your suggestions and stay dedicated. I like our team, this community and our fans, who are the best in baseball. This week’s events They it will not affect in any way our resources and our effort to form a championship team “, he added.
Cohen’s decision to leave Twitter appears to stem from a conflict between independent investors and hedge funds. The daily traders, mobilized on Reddit, have invested all the money they can find in the stock of the video game retailer GameStop and several other companies. Its acquisition raised the share prices of those companies beyond anyone’s imagination.
Cohen’s Point72 Asset Management became involved when it made a $ 750 million investment in Melvin Capital Management, a hedge fund that bet heavily on GameStop and angered Reddit users.
GameStop rose nearly 70% Friday to $ 325. In the last three weeks, the stock has generated an astonishing gain of 1,600%. The danger for day traders is that stocks can collapse at any time.
Before closing his Twitter account, Cohen, the richest owner in baseball, worth over $ 14.5 billion.
Among Cohen’s critics, WFAN’s morning host and former NFL quarterback Boomer Esiason said he would stop going to the Mets “until you know exactly what’s going on here,” about Cohen’s involvement in the GameStop situation. .
Joon Lee and The Associated Press contributed to this story.