NEW YORK (CBSNewYork/AP) — Steve Cohen, the billionaire owner of the New York Mets, says he has dropped off Twitter because his family received threats that he attributed to “misinformation” that was not tied to the baseball team.
Cohen’s hedge fund, Point72, has become entangled in market turmoil that has pitted a band of small investors against traders that made bets against — or “shorted” — stock of companies including GameStop.
Hedge funds that shorted GameStop have lost billions as small investors bid up the company’s shares.