Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

Jets, Dolphins and Patriots Playoff Breakdown

Here are the formuli that could get the Jets into and out of the playoff party this season: 1) If the Jets win against Seattle and Miami, they win the AFC East based on a better conference record (8-4) than the New England Patriots, even if New England wins out as well. 2) If the Patriots win out and the Dolphins win out and finish at 11-5, the Jets would be 10-6, or 9-7, and probably out of the playoffs. Both New England and Miami would make the playoffs, with the Dolphins as a divison winner and the Patriots as a wild card. The Patriots make the postseason if Baltimore loses one of its final two games. 3) If the Patriots win out and the Dolphins and Jets split, then the Patriots win the AFC East. The Jets will have to hope that they beat Miami to win that tie-breaker and, further, hope that they have a better conference record than the Baltimore Ravens in order to clinch the sixth seed. 4) If the Patriots and Ravens win out and the Dolphins and Jets split their final two games, then ...
8 comments
Read more

Francisco Lindor Remains Red Hot as Mets Top Phillies

 Francisco Lindor remains the hottest player in Queens right now.  The Mets shortstop blasted two more home runs, including a three-run blast in the bottom of the eighth inning, Monday night to help propel the Mets to a 5-4 win over Philadelphia.   Lindor who typically struggles in the month of April is putting together a heck of a month. Monday's two hit effort was the 10th game in the last 11 where Lindor has recorded a hit. In fact in the month of April alone this year, Lindor was hitting at .311 coming into Monday's action.  On the year, Lindor is batting .284 with five homers and 13 RBI.  Lindor's efforts proved to be prophetic, as the Phillies Alec Bohm crushed a three-run bomb off Edwin Diaz in the top of the ninth to cut the Mets lead to a single run. Fortunately for New York, Diaz was able to shut the door with strikeouts of Trea Turner and Bryce Harper.  New York (16-7) has now won five in a row.  
Post a Comment
Read more

Is Aaron Glenn in Danger of Getting Fired?

 According to Pro Football Talk's Mike Florio there is a "chance"   that Jets head coach Aaron Glenn could be fired at seasons end.  While Florio doesn't site any sources, the rumor has caught fire the last two days. The question is would it make sense? Let's examine this for a second?  Why it Makes Sense:  Glenn has not been great in his first year as Head Coach of this team. The talent has taken a major step backwards, granted two of those talented players were traded away in Sauce Gardner to Indianapolis and Quinnen Williams to Dallas.  The decision he and GM Darren Mougey made to give Justin Fields a two year deal proved to be a horrible mistake, and Glenn stuck with Fields for far too long before pulling the plug following the Jets loss to the Patriots on a Thursday night in mid November.  Glenn gave now former Defensive Coordinator Steve Wilks too much power to run the defense, and the players couldn't stand Wilks. Reports indicated this week af...
Post a Comment
Read more