Billionaire Steve Cohen is leaving Twitter and citing threats in the Gamestop riot


Hedge fund manager Steven A. Cohen is the founder and chairman of SAC Capital Advisors.


Billionaire Steve Cohen, viewed by small investors as an enemy in the GameStop stock drama this week, deleted his Twitter account after threatening him and his family, a spokeswoman said on Saturday.

“I’m taking a break for now,” Cohen said on Twitter late Friday, citing “personal threats.” His account was no longer shown on Saturday, and a spokeswoman for Cohen’s Point72 Asset Management confirmed it has been closed.

Small investors connected to social media mobilized to take over institutional short sellers of GameStop and other stocks, triggering brief pressure that sent those stock prices skyrocketing. The details of Cohen’s holdings were not disclosed, leaving it unclear whether he was a short seller.

Cohen’s Point72 and Citadel LLC gave Melvin Capital, a fund that had a large short position in GameStop, a capital injection that allowed it to close that position at a large loss and survive.

Cohen, who previously used Twitter primarily to connect with fans of the New York Mets baseball team after buying a controlling stake last year, was among the fund managers who received threats over the course of the GameStop saga.


On Thursday, Cohen got into a heated debate with blogger Dave Portnoy, who founded the sports and pop culture blog Barstool Sports. Cohen, who is worth about $ 14 billion, tweeted, “Hey Dave, what’s your beef with me? I’m just trying to make a living like you.”

Point72 lost between 10% and 15% in value between the beginning of the year and the middle of the week, announced those familiar with the numbers.

(This story was not edited by GossipMantri staff and is automatically generated from a syndicated feed.)


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