Skip to main content

Steve Cohen Exits Twitter Amid GameStop Controversy

Things haven't been too rosey for Mets owner Steve Cohen lately. After trying to financially assist fellow hedge funder Melvin Capital amid the massive losses its experience from the GameStop controversy, Cohen has dropped off Twitter after a lengthy battle with Barstool Sports president David Portnoy.

 

“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. So I’m going to take a break for now. We have other ways to listen to your suggestions and remain committed to doing that. I love our team, this community, and our fans, who 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. #LGM!”

Gamestop's stock soured more than 70% when a bunch of day traders on Reddit poured tons of money into the struggling retailer as a way to beat out hedge funders bets that the stock was a loser. As a result big businesses and hedge funders decided to freeze investors out of apps like Robinhood from investing in GameStop creating a huge firestorm.  

Portony took the opportunity to launch on a diatribe against Cohen for backing his friends at Melvin Capital, which experienced the huge losses. Both Cohen's Point72 and Citadel combined to back Melvin with $2.75 billion. 

Cohen was even questioned by fans whether his financial dealings would affect the baseball team. Hence his time on Twitter is over. 

Cohen should have stayed off the social media giant when he bought the team. Before buying the Mets. Cohen was this virtual unknown - a shadowy figure whose personality was the basis for the character Bobby Axlerod on the Showtime series Billions. Once he bought the Mets, and once the like of Alex Rodriguez and Jerry Rosendorf tried to sabotage the sale and failed, Cohen should have stayed in the shadows. 

Instead he was embolden by the purchase. He tried to paint himself as the man of the people. He stated that it was win or else for the Mets. He got the fanbase even more excited when they swung deals with catcher James McCann and acquired Francisco Lindor. 

However, the PR disaster of the Jared Porter sexual harassment story, coupled with free agents George Springer and Brad Hand signing elsewhere, opting not to go to the Mets, coupled with Cohen's propensity to pop-off on Twitter, suddenly the honeymoon came to a screeching halt. 

Cohen needs to know that now as a the owner of the Mets, every move he makes is now met with constant scrutiny. Welcome to the Mets, Steve.

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

Mets Keep Rolling into Phillies Series

 The New York Mets are feeling pretty good about things right now!  The Amazin's swept a four game series from the St. Louis Cardinals on Sunday, winning 7-4 Sunday afternoon. It was the first time since 1986 that the Amazin's had swept such a series from St. Louis. We all know what happened later that season.    Well, not to get too far ahead of ourselves, because the 2025 version now faces a very stiff challenge. The Mets will face their arch rivals the Philadelphia Phillies on Monday with only two games separating the two teams in the NL East.  The Mets took out Philly in the NLDS last October, so this figures to be a heck of showdown. The Mets begin a month long stretch against teams that are likely postseason contenders like the Phillies, D-Backs, Cubs, Yankees, Red Sox, and Dodgers.  If the Mets (15-7) are this good, we will know for sure in a month.
Post a Comment
Read more