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Cohen's financial prowess was further tested in 2021 during the GameStop event, where his strategies faced the unpredictable implications of social media-driven trading. His collaboration with Citadel to stabilize Melvin Capital during the fallout symbolized the rapidly changing landscape of finance.
A New Chapter: The Mets and Beyond
Steve Cohen's acquisition of the New York Mets in 2020 for $2.4 billion marked another reinvention of his brand. Embracing his passion for sports, Cohen aimed to reshape the franchise and instill renewed hope among Mets fans through substantial investments and a clear vision for success.