Steve Cohen said his family’s “personal threats” to the GameStop saga forced him to flee Twitter for the time being.
The new Mets owner in a statement on Saturday explained why his Twitter account, which featured a little-known playful part of the hedge fund mogul while engaging with fans, was shut down on Friday night.
“I really enjoyed going back and forth with Mets fans on Twitter, who unfortunately were overwhelmed this week by unrelated misinformation about Mets, which led our family to personal threats,” the statement said. “I will take a break for now. We have other ways to listen to your suggestions and keep our commitment to do so.
“I like 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 we want to put a championship team on the field. #LGM! ”
Cohen’s source of wealth, rather than his recent acquisition, became the centerpiece of the 64-year-old man’s Twitter account last week, thanks to the GameStop saga of the financial world. Cohen’s Point72 Asset Management and other Citadel hedge funds, led by billionaire Ken Griffin, reportedly invested $ 2.75 billion combined in Melvin Capital Management, which was crushed after an attempt to shorten the GameStop stock. Melvin is led by Cohen’s former protégé, Gabe Plotkin.
On Thursday, Cohen took to Twitter back and forth with Dave Portnoy after Barstool Sports founder hit the Mets owner following restrictions on trading apps such as Robinhood, which hurt start-up investors behind capitalizing on GameStop.
WFAN host Boomer Esiason snatched Cohen on Friday morning, saying he would stop participating in the Mets “until I find out exactly what’s going on here,” with Cohen’s involvement in the matter.