The main headlines of Fox Business Flash are here. Check out what’s clicking on FoxBusiness.com.
New York Mets billionaire owner Steve Cohen deleted his Twitter account under death threats directed at his family after a heated week because of his negotiations with GameStop, he said in a statement on Saturday.
He said he would “take a break”.
Cohen suffered a lot when his hedge fund Point72 Asset Management invested $ 750 million in Melvin Capital on Tuesday, along with the $ 2 billion bailout of Citadel, a company run by another billionaire Ken Griffin.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM
Cohen accessed Twitter to reply, saying, “Rude crowd on Twitter tonight. Hey, the bag jockeys, keep bringing it. “
The difficult attitude caught the attention of Barstool Sports founder Dave Portnoy on Thursday. Portnoy criticized Robinhood for limiting trades on bullish stocks like GameStop and AMC.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 325.00 | +131.40 | + 67.87% |
BARSTOOL’S DAVE PORTNOY, METS ‘STEVE COHEN SPAR OVER GAMESTOP DRAMA
The two fought on social media before it looked like they agreed to go their separate ways. On Friday, Cohen wanted to return to the Mets talk, but later deleted his entire account.
Mets fans and the media reacted.
Robinhood, TD Ameritrade, which is owned by Charles Schwab, along with other online applications restricted to trading on Thursday, respectively, after an unexpected increase in the volume of stock trading not only by GameStop, but AMC Entertainment, Bed Bath & Beyond, BlackBerry and others.
The company said on a Thursday that it was “restricting transactions in certain securities to closing positions only, including $ AAL, $ AMC, $ BB, $ BBY, $ CTRM, $ EXPR, $ GME, $ KOSS, $ NAKD , $ NOK, $ SNDL, $ TR and $ TRVG “and” high margin requirements for certain securities. “
DISCOVER FOX BUSINESS ON THE MOVE BY CLICKING HERE
On Friday, GameStop closed at 325.00 and AMC closed at 13.26.
Paulina Dedaj of Fox News contributed to this report.