Billionaire Steve Cohen’closes’ Twitter due to GameStop

Steve Cohen, owner of the New York Mets. © News1-Steve Cohen, a billionaire hedge fund manager and owner of the US Major League New York Mets, temporarily closed his Twitter account because of a “threat to family”.

It is the aftermath of the video game retailer Game Stop, which has recently heated up the New York Stock Market.

According to the US economic media CNBC, Cohen made a statement on the 30th (local time) and revealed the reason for closing his Twitter account. “I was enjoying communication with Mets fans on Twitter,” he said. “But unfortunately this week, the family was personally threatened by misinformation that was not related to the Mets. As a result, I decided to take a break.”

The “information not related to the Mets” mentioned by Cohen is related to the GameStop situation, which has recently become a battleground for individual investors (ants) and the Wall Street short-selling force. It is one of the hedge funds that have suffered large losses due to individual investors. The fund has invested $750 million (about 838.1 billion won) in Melvin Capital, a hedge fund that has been targeted by ant investors. Enraged Cohen said before closing his account, “There are a lot of people on Twitter tonight. “Yeah, stock traders, keep running,” said Bloomberg, stimulating the ants.

After acquiring the New York Mets for $2.5 billion (about 2.8 trillion won) in November of last year, Cohen is a person who actively communicated with fans by asking for opinions from fans, asking, “Which player do you want?” through Twitter.

(Seoul = News 1)