Steve Cohen

GameStop Corp. (NYSE: GME) short seller Melvin Capital Management LP ended the first half of 2021 with a loss of 46%, Bloomberg reported Thursday, citing people familiar with the matter. What Happened: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin Capital was...

Influencer marketing, which is on track to become a $15 billion industry by 2022, is a unique way for creators to monetize their content and outreach. The problem with this industry is both the supply and demand dynamics, as well as an unfulfilling culture, according to some. More and more,...

Betting site MyBookie is offering betting odds on the Congressional hearing set to take place Thursday afternoon. The U.S. House Committee on Financial Services hearing on market volatility is expected to be a widely covered event for the financial markets that could have a ripple effect. Here are...

The founder of hedge fund Point72 and owner of the New York Mets Steve Cohen has deactivated his Twitter account after his family received threats this week amid the GameStop trading fiasco, Bloomberg and ESPN have reported.  What Happened: In a statement, Cohen said he was taking...

Barstool Sports Founder Dave Portnoy and hedge fund manager Steve Cohen on Thursday argued via Twitter (NYSE: TWTR) over the battle between retail traders and hedge funds. What Happened: Portnoy has spent the past few days defending the retail traders who helped send shares of stocks...

Point72 has suffered a loss amounting to nearly 15% this year — thanks to the sharp uptick in the shares of GameStop Corporation (NYSE: GME), a person familiar with the matter told the New York Times.  What Happened: The hedge fund run by Steve Cohen — the owner of New York Mets...

"You can't be a real networker unless you’re connected." That’s according to Michael Gruen, an entrepreneur, angel investor, consultant and media personality, who Barstool Sports founder Dave Portnoy has called "one of the most mysterious, obnoxious, interesting...

The Atlanta Braves are one of only a few publicly traded sports teams. The team's run in the MLB Playoffs and rising MLB valuations could help boost shares. Atlanta Braves Franchise: The Atlanta Braves were purchased by Liberty in 2007 for $400 million. The Braves are now one of several...

The "Billions" season 5 premiere airs Sunday, May 3 at 9 p.m. ET on Showtime, a susbsidiary of ViacomCBS (NASDAQ: VIAC). The show, created by Brian Koppelman, David Levien and Andrew Ross Sorkin, premiered in January of 2016 and has been a big hit ever since. A version of this article was...

Billionaire hedge fund manager Steve Cohen has struck out in his bid to become majority owner of baseball's New York Mets. What Happened The New York Post reported Tuesday night that Cohen is walking away from negotiations with the Wilpon family, which owns the team, after the Wilpons...

Hedge fund billionaire Steve Cohen, CEO of Point72 Asset Management, is in talks to boost his ownership in the New York Mets baseball team to a majority stake, perhaps bringing more of a Wall Street vibe to the team out in Queens. If the deal is completed and Cohen becomes the main owner in five...

The family that owns baseball's New York Mets are in talks to sell up to 80% of the team to minority owner and hedge fund manager Steve Cohen in a transaction that would value the team at a baseball-record $2.6 billion. Bloomberg reported the team's main owner, Fred Wilpon, would stay in...

The stock market is often compared to a casino, but some of the most successful professional investors may also be the most talented gamblers as well. Hold 'Em A recent study by the University of Alabama and the University of Central Florida found that the funds of hedge fund managers who...