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Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproar

"I'm going to take a break for now," Steve Cohen said on Twitter late on Friday, citing "personal threats."

January 31, 2021 / 09:11 AM IST
Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. (REUTERS/Lucy Nicholson/File Photo)

Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. (REUTERS/Lucy Nicholson/File Photo)

Billionaire investor Steve Cohen, seen by small investors as an enemy in the GameStop stock drama this week, deleted his Twitter account because of what he said were threats against him and his family, a spokeswoman said on Saturday.

"I'm going to take a break for now," Cohen said on Twitter late on Friday, citing "personal threats." His account no longer appeared on Saturday, and a spokeswoman for Cohen’s Point72 Asset Management confirmed it was closed.

The small investors, connected on social media, mobilized to take on institutional short sellers of GameStop and other shares, sparking a short squeeze that sent those stock prices surging. The details of Cohen's holdings were not disclosed, so it was unclear if he was a short seller.

Also read: For GameStop day traders, the moment they've dreamed about