New York Mets owner Steve Cohen will no longer engage with fans of the team on social media after disclosing that his family had been a target of threats this week.
No indication has been provided as to how long Cohen’s Twitter exit will last, but the club owner no longer felt safe being open on Social Media with supporters of the club as regards the direction of New York Mets, with real money casinos in USA offering odds for their game to the fans.
Cohen’s company, Point72 Asset Management, plunge itself into the controversy that hit the stock-market recently involving the price hike of the stock of GameStop. A revival among independent investors forced the stock of GameStop to increase in price to the surprise of operators of hedge funds, who suffered huge losses after gambling that the predominantly brick-and-mortar stores would keep declining.
Cohen’s Point72 Asset Management firm came to the rescue of Melvin Capital Management, which was greatly invested in the prospective decline of the stock of GameStop. Cohen’s firm offered reported assistance worth $750 million after Melvin Capital attempted to acquire back stock at blown-up prices, increasing its own losses financially.
Lenders and Independent investors have become frustrated that the stock market is built to favor corporate investment firms to maximize profits, instead of the masses who invest, leading many people to demonstrate their wrath to Cohen via social media.
Cohen explained in a statement "I’ve really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats".
"… I’m going to take a break for now," he added. "We have other ways to listen to your suggestions and remain committed to doing that. I love our team, this community, and our fans, which are the best in baseball. Bottom line is that this week’s events in no way affect our resources and drive to put a championship team on the field."
The Billionaire owner of New York Mets had deactivated his Twitter account late Friday, as he’s had enough of the threats.
The Mets’ biggest moves this off-season, in their bid to turn the MLB side into a winning club, was the luring of former Cleveland Indians shortstop, Francisco Lindor to the club.
Aside from the signing of Lindor, during Cohen's era, the club has also signed pitcher Carlos Carrasco from MLB side Cleveland as well as catcher James McCann.
The Billionaire bought the Mets in November last year, and there has been a great deal of excitement around the club’s prospects going into the new season, a campaign that has odds covering it from https://fr.crazyvegas.com for the fans.
The New York Mets have not made the MLB playoffs since the 2015 season, but they look like a strong contender to make it to the postseason this year.
Cohen, 64, who acquired his fortune as a hedge fund manager, became the owner of the side this offseason after previously controlling an eight-percent share in the MLB club. Cohen now owns about 95 percent of the side, now worth $2.4 billion. Cohen became the wealthiest majority owner in MLB with a net worth of about $14 billion.