"GameStop Incident" Steve Cohen Deactivates Twitter... "Family Also Threatened"

Steve Cohen, owner of the New York Mets, holding a video press conference. Photo by Yonhap News Agency

[Asia Economy Reporter Hana Na] Steve Cohen, the owner of the New York Mets in Major League Baseball (MLB), deactivated his Twitter account due to the aftermath of the 'GameStop incident,' CNBC reported on the 30th (local time).

Cohen, known as the founder of the hedge fund Point72, issued a statement saying, "I really enjoyed interacting with Mets fans on Twitter," and added, "However, unfortunately, false information that led to personal threats against my family this week overwhelmed Twitter."

He then stated, "So I will be taking a break from Twitter for the time being."

According to The New York Times (NYT), Point72, which manages approximately $19 billion (about 21.2 trillion KRW) in assets, suffered nearly a 15% loss this year due to individual investors' concentrated buying of GameStop stock.

Most of Point72's losses were caused by investments in the hedge fund Melvin Capital, which engaged in short selling GameStop and suffered massive damage from the 'rebellion of retail investors,' leading to an emergency capital injection of nearly $3 billion from Point72 and Citadel.

Following this, Cohen's Twitter was flooded with comments and questions about GameStop, including inquiries about how Melvin Capital's losses might affect the Mets organization.

Meanwhile, Cohen, the hedge fund billionaire 'godfather,' acquired the Mets last November for $2.5 billion (about 2.8 trillion KRW) and actively communicated with fans through Twitter, asking for their opinions such as "Which players do you want?"

This content was produced with the assistance of AI translation services.