Steve Cohen said ‘personal threats’ his family received about the GameStop saga forced him to flee Twitter for the time being.
The new Mets owner explained in a statement on Saturday why his Twitter account, which exposed an unknown playful side of the hedge fund magnate while he was dealing with fans, was deactivated on Friday night.
“I enjoyed going back and forth with Mets fans on Twitter, who were unfortunately overwhelmed this week by misinformation related to the Mets, which led to our family facing personal threats,” the statement said. ‘I’ll take a breather for now. We have other ways to listen to your suggestions and stay committed to them.
‘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 that we want to put a championship team on the field. # LGM! ”
The source of Cohen’s wealth, rather than his recent purchase, became the focal point of the 64 – year – old’s Twitter account last week, thanks to the financial world’s GameStop saga. Cohen’s Point72 Asset Management and co-hedge fund Citadel, run by billionaire Ken Griffin, reportedly invested a total of $ 2.75 billion in Melvin Capital Management, which was crushed after the attempt to short-press GameStop shares. Melvin is led by Cohen’s former protégé Gabe Plotkin.
Cohen took to Twitter with Dave Portnoy on Thursday after Barstool Sports founder blew up the Mets owner following restrictions placed on trading programs such as Robinhood, which hurt novice investors behind the ballooning of GameStop shares.
WFAN morning presenter Boomer Esiason slammed Cohen on Friday, saying he would stop attending Mets games ‘until I find out exactly what’s going on here’ with Cohen’s involvement in the case.