Steve Cohen vs GameStop Controversy Explained: Mets owner called 'coward' for deleting Twitter after online spat

New York Mets owner Steve Cohen made a comment 'I’m just trying to make a living' amid GameStop stock drama and that did not go down well with the Internet

                            Steve Cohen vs GameStop Controversy Explained: Mets owner called 'coward' for deleting Twitter after online spat
Steve Cohen GameStop controversy (Getty Images)

Mets owner Steve Cohen has officially quit Twitter after finding himself facing backlash over GameStop stock chaos. Cohen’s Poin72 Asset Management and billionaire Ken Griffin had reportedly invested a combined $2.75 billion into Melvin Capital Management, which didn’t go too well among the Met fans on Twitter. The Mets owner reportedly deleted his Twitter account after Melvin Capital crashed after an attempt to short squeeze on GameStop stock.

Steve Cohen vs GameStop

Right after the news surfaced that GameStop’s share prices have broken the records, Cohen’s hedge fund Point72 collaborated with Griffin’s Citadel in putting a large sum into Melvin Capital as a result of the GameStop short squeeze. Cohen, who bought Mets in 2020 for $2.4 billion from the Wilpon family’s control, was criticized by Barstool Sports founder Dave Portnoy for his role.

Steve A. Cohen and Ilana D. Weinstein (Getty Images)

On January 27, Cohen tweeted, “Rough crown on Twitter tonight. Hey, stock jockeys keep bringing it.” The next day, he got into a heated argument with Portnoy after the latter blasted the Mets owner for restrictions on trading apps such as Robinhood that hurt those who just started trading and are trying their luck in making some money through GameStop stock. Cohen tweeted back, “Hey Dave, what‘s you beef with me, I’m just trying to make a living just like you. Happy to take this offline.”

“At least you are speaking and trying to answer. That is appreciated,” Portnoy tweeted back.

Cohen’s tweet about GameStop did not go too well with 'WFAN' host Boomer Esiason, who slammed Cohen for taking shots at r/WallStreetBets followers.


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“Hey, I don’t want to hear that from you, you know what I mean?” Esiason said. “You hedge-fund billionaire. Just keep your mouth shut. The other thing is, he also put out another one: 'Hey, stock jockeys, keep bringing it.’ So he’s discounting the Reddit WallStreetBets people as ‘stock jockeys’ and taking shots at them like he knows what’s going on because he’s sitting in this hedge fund king chair making all these decisions.”

Cohen’s remarks did not sit too well with New York Mets fans on Twitter when they asked the billionaire to comment on the recent updates about short squeezing GameStop stocks. Cohen reportedly denied that his involvement.

GameStop (Getty Images)

What did social media have to say?

After Cohen reportedly deleted his Twitter account, New York Mets fans slammed him as a “coward”. One user wrote, “Steve Cohen came on Twitter and had the audacity to tweet 'just trying to make a living' lmaooooo”. While another one wrote, “To other Mets fans defending Steve Cohen. He tweeted this after Robinhood banned trading of certain stocks which ranked them and forced people to lose money.” Another Met fan wrote, “The mere fact that Steve Cohen deleted his Twitter account is basically an admission of guilt. Typical. Reinsdorf tries to warn everyone about this bum.” Another user wrote, “Steve Cohen responding to the $GME / Robinhood situation with 'I’m just trying to make a living' was the ultimate display of douchebaggery. He is worth over $14bn. A lot of ppl that got screwed actually need that money. Fitting that he would own a trash franchise like the Mets.” Another user slammed Cohen by tweeting, “@StevenACohen2 deleted his Twitter account! Bahahahahaha!! Internet is a tough game. Don’t ya think? Coward.”











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