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Share: 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 suffered the losses due to its investment in Melvin Capital, another fund that bet against the gaming retailer’s stock, the Times reported Wednesday. ....
Photo by Eric Espada/Getty Images Good morning afternoon, Athletics Nation! The New York Mets began the winter with a fresh start, but it didn’t last long. The team was bought by a new owner, Steve Cohen, and he overhauled the front office from scratch, led by president Sandy Alderson. Just over a month ago, they hired Jared Porter as their general manager, and not long afterward they made a blockbuster trade for superstar Francisco Lindor. But now the revamped organization has already hit its first scandal. Porter was fired as GM on Tuesday, after an ESPN story revealed inappropriate sexual behavior in his past in which he “sent explicit, unsolicited texts and images to a female reporter in 2016.” Porter acknowledged sending the texts. ....