New York Mets billionaire owner Steve Cohen deleted his Twitter account over death threats aimed toward his family after a heated week over his dealings with GameStop, he said in a statement Saturday.
Continue Reading Below
He said he was going to "take a break for now."
Cohen took a lot of heat as his hedge fund Point72 Asset Management invested $750 million into Melvin Capital on Tuesday alongside Citadel’s reported $2 billion bailout, that firm is run by another billionaire Ken Griffin.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM
Cohen took to Twitter to fire back, saying, “Rough crowd on Twitter tonight. Hey stock jockeys keep bringing it.”
The tough attitude caught the attention of Barstool Sports’ founder Dave Portnoy on Thursday. Portnoy railed against Robinhood for limiting trades on rising stocks like GameStop and AMC.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GME | GAMESTOP CORP | 325.00 | +131.40 | +67.87% |
BARSTOOL'S DAVE PORTNOY, METS' STEVE COHEN SPAR OVER GAMESTOP DRAMA
The two sparred on social media before it looked like they agreed to go their own separate ways. By Friday, Cohen wanted to go back to Mets talk but later deleted his entire account.
Mets fans and media alike reacted.
Robinhood, TD Ameritrade, which is owned by Charles Schwab, along with other online apps restricted trading on Thursday, respectively, following an unexpected surge in trading volume of shares of not only GameStop but AMC Entertainment, Bed Bath & Beyond, BlackBerry and others.
The company said in a Thursday that it was "restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG" and "raised margin requirements for certain securities."
GET FOX BUSINESS ON THE GO BY CLICKING HERE
On Friday, GameStop closed at 325.00 and AMC closed at 13.26.
Fox News' Paulina Dedaj contributed to this report.
Business - Latest - Google News
January 31, 2021 at 11:52AM
https://ift.tt/2MD6OFZ
Steve Cohen, Mets billionaire owner, off Twitter after heat over GameStop squeeze - Fox Business
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Steve Cohen, Mets billionaire owner, off Twitter after heat over GameStop squeeze - Fox Business"
Post a Comment