American billionaire and hedge fund manager Steve Cohen has deactivated his Twitter account alleging that he has been receiving threats linked to the astronomical surge of GameStop Corp. (GME) which happened two weeks ago.
This unexpected surge saw the stock register gains of over 1700% in a two day period. This rally was fuelled by retail traders who coordinated it through various social platforms including a Robinhood trading group and a similar one on Reddit.
These threats are being made to Cohen personally and others towards his family members, said a spokesperson of the Cohen family.
“I’m going to take a break for now,” tweeted Cohen moments before he deleted his Twitter account. This was also confirmed by Cohen owned Point72 Asset Management which said his Twitter account has been closed indefinitely.
It hasn’t been yet disclosed whether Cohen held long or short positions on the GameStop stock last week. On Jan 28 he got on a heated debate with blogger Dave Portnoy “Hey Dave, What’s your beef with me. I’m just trying to make a living just like you,” tweeted Cohen then.