推特Turns on Steve Cohen

Count one more win for the social media mob that rocked Wall Street last week: Point72 Asset Management CEO Steve Cohen has shut down his Twitter account after his family received what he called “personal threats.”

Until getting into a beef with one of the more vocal defenders of GameStop investors last week, Cohen had been basking in love from Mets fans on a Twitter feed that, until that time, appeared to be dedicated to baseball.

The hedge fund icon sealed a deal to buy the Mets last November and since then has regularly tweeted about the beloved, but beleaguered, New York team. In contrast to his prior image as a secretive mogul, Cohen often engaged in playful bantering with Mets fans, who appeared to make up a big chunk of his 190,500 followers.

But last week Cohen’s hedge fund, Point72, became part of the GameStop saga that thrust hedge funds into the national spotlight for the first time in years, a fracas billed as class warfare between millennial social media-savvy retail investors and the establishment — older, billionaire hedge fund managers like Cohen.

在几天之内，科恩与社交媒体影响者戴夫Portnoy唐宁，该网站Barstool Sports的创始人。Portnoy似乎使自己成为GameStop投资者的非官方发言人 - 现在拥有220万个推特粉丝。

在一个来回之后，Cohen在现在删除的推文中问道，“嘿戴夫，你的牛肉是什么。我只是想像你一样谋生。很高兴接受这个脱机，“Portnoy回应的是”我不执行离线。那是阴暗的狗屎发生的地方。“

那么这是如何实现的？

On Monday Point72 agreed to help finance a bailout of hedge fund Melvin Capital, which was losing billions of dollars because of a short squeeze in GameStop (and other names) that was led by a band of retail investors who posted on the Reddit forum WallStreetBets.

Point72 agreed to put $750 million into Melvin, run by Gabriel Plotkin, a former portfolio manager at Cohen’s prior fund, SAC Capital. Citadel agreed to put up an additional $2 billion to shore up Melvin.

[II Deep Dive:Buried in Reddit, the Seeds of Melvin Capital’s Crisis]

救助足以让人们肆虐。科恩周二推文，“今晚Twitter上的粗糙人群。嘿股票骑师，继续带来它。“

They did. GameStop kept soaring, and by Thursday brokers including罗宾汉，一个应用程序许多零售业的应用程序，限制了购买此类大量短缺的股票。在Wallstreetbets人群中创造了一个愤怒，并获得了像纽约代表这样的立法者。亚历山大ocasio-cortez和Sens。伊丽莎白沃伦和TED Cruz谈到了国会调查。

Portnoy在Twitter上放大了争议。

The Twitter spat with Cohen began when the hedge fund manager responded to Portnoy after he had tweeted that “the thing that drives myself and so many people nuts is this belief that when this is over guys like Ken Griffin from Citadel, Gabriel Plotkin from Melvin, Steve Cohen and Vlad [Robinhood CEO Vladimir Tenev] will be at some secret country club laughing at all of us. And deep down we know we are right.”

“So Robin Hood raises $1 billion for liquidity reason and you are still ranting and raving. How about dealing with facts and not innuendo. Why let truth get in the way of your story?” Cohen shot back. (Thursday night Robinhood announced its VC investors had put $1 billion into the firm, which would give it enough capital to allow investors to trade again.)

“You bailed out Melvin cause he’s your boy along with Citadel,” Portnoy said to Cohen, referring to the rescue financing. Citadel also pays for order flow from Robinhood — leading the WallStreetBets gang to charge that Citadel had forced Robinhood to quit allowing the trades. Citadel quickly denied this, but the Texas attorney general issued a民事调查需求to Citadel and a few other brokers late Friday. (GameStop is headquartered in Texas.)

“I think you had strong hand in today’s criminal events to save hedge funds at the cost of ordinary people. Do you unequivocally deny that?” Portnoy asked Cohen. (Portnoy also posted a four-minute video saying that Cohen, along with Griffin, should go to jail. It garnered 2.9 million views.)

“你在说什么？我明确否认这一指责。我与今天发生的事情有零。顺便说一下，如果我想与我的投资者的最佳利益额外投资，那么如果是我的投资者的最佳利益。冷静下来，“科恩回应。

“我今晚没有感受到爱情，”他后来推文。“交易是一个艰难的比赛。你不觉得吗？“

在一份声明中，Cohen的公司表示，“Point72没有参与任何零售经纪人在任何安全中限制或限制交易的决定，从未要求或迫使任何零售经纪公司限制任何安全交易。此外，作为一个机构投资者，我们不与零售亚博赞助欧冠经纪人做生意，也没有与他们的关系。“

On Saturday the Mets put out a statement from Cohen. "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个人威胁," he said. “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.”

A few hours after that statement was made public, Portnoy temporarily “protected” his tweets, only allowing people he approved to see them. He later reopened the tweets to the general public, but all of his messages to Cohen had been deleted.