Mets Owner Steve Cohen involved in Twitter War over GameStop Controversy

 I guess it's fair to say the bloom is off the rose sorta speak with regards to Mets owner Steven Cohen. Cohen has been indirectly involved in the controversial and complicated GameStop controversy that has practically broken Wall Street. 


As most known by now the controversy stems from a group of independent traders using Reedit as a way to commiserate, who dared to drive up the price of the retail outlet, after Andrew Left of Citron Research said the stock would tank below $20. Gamestop which had languished at around $5 a share, sky rocketed basically overnight to more than $300 a share. In order to stop the bleeding, big Corp froze investors out of Robinhood. 

How the hell is Cohen involved in this? Well, his hedge fund company, Point72 joined Citadel to invest $2.75 billion into Melvin Capital, who took a huge lose with Gamestop. 

Soon fans as well as Barstool Sports President David Portnoy lashed out on Cohen, saying he was partly responsible for the freeze on Robinhood. Cohen and Portnoy have since engaged in a Twitter spat of epic proportions. See story

Since purchasing the Mets, Cohen has taken hard to Twitter, responding periodically to fans on a regular basis, in fact probably more than he should as the owner of a Major League Baseball team.  Cohen is no stranger to controversy. His company's have been involved in legal battles in the past, including a sexual assault case that was settled out of court. Some raised concerns about his purchase of the team, because of his aggressive financial pursuits. 

Oh, and last week he had to fire his General Manager, Jared Porter, after ESPN released its story about sexual harassment when Porter was a member of the Chicago Cubs front office. 

Fun times indeed.

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