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Mark Cuban reveals why he's selling the Dallas Mavericks
Business Insider
·
1y ago
Medial
Mark Cuban recently sold his majority stake in the Dallas Mavericks to the Adelson and Dumont families, who have ties to the hotel and casino industry. Cuban sees the future of NBA ownership in real estate and believes this partnership will help grow the team's revenue base. He will maintain a 27% stake and control of basketball operations, with Patrick Dumont serving as Mavericks governor. The sale is valued at around $3.5 billion. Cuban also hinted at potential efforts to legalize gambling in Texas, which could benefit his new partners in the casino business.
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Mark Cuban says he'll be using Threads more after criticizing X as Elon Musk's 'echo chamber'
Business Insider
·
1y ago
Medial
Mark Cuban, entrepreneur and owner of the Dallas Mavericks, expressed disappointment with Elon Musk's social media platform, X, saying it has become an "echo chamber" that promotes hate and an exchange of insults. Cuban defended corporate diversity and inclusion programs, leading to Musk calling him a racist and stirring up antisemitism. Cuban stated that the platform has changed significantly from a place of diverse responses to being monetized by promoting agreement. Despite the criticism, Cuban mentioned he would continue using X but would explore using threads more.
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Musk vs Cuban: Billionaires clash over diversity initiative in US firms
Livemint
·
1y ago
Medial
Tesla founder Elon Musk and Dallas Mavericks owner Mark Cuban recently engaged in a heated exchange on social media over Diversity, Equality, and Inclusion (DEI) initiatives in American corporations. Musk criticized DEI, calling it "literally the definition of racism," while Cuban argued that it is important to include people from various races, ethnicities, and orientations to improve hiring practices. The clash was sparked by an essay by Bill Ackman opposing DEI. Critics argue that DEI can potentially prioritize diversity over merit or credentials.
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Mark Cuban says pushing back against Elon Musk on X is fun: 'I have no problem sharing my opinion'
Business Insider
·
1y ago
Medial
Billionaire entrepreneur Mark Cuban enjoys engaging with Elon Musk on Twitter, even if their discussions about diversity, equity, and inclusion (DEI) aren't always productive. Cuban admits that Musk often responds with snarky comments instead of engaging in meaningful conversation. The two billionaires frequently clash over DEI initiatives, with Musk expressing opposition and Cuban voicing his disagreement. Cuban feels a responsibility to challenge Musk's views on social media platforms but respects Musk's right to run his platform as he pleases. Cuban also suggests that the focus should shift towards addressing the lack of accountability for online misinformation and groupthink. Despite their disagreements, Cuban sees his interactions with Musk more as fun than a serious "beef."
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Mark Cuban turned down Uber for $2,50,00 investment, that would now be $2.3 bn
Livemint
·
1y ago
Medial
Billionaire Mark Cuban continues to regret turning down an investment opportunity in Uber back in 2009. He declined a $250,000 investment offer from Uber co-founder Travis Kalanick at a $10 million valuation. Had he invested, his stake would now be worth around $2.3 billion, given Uber's current $90 billion market capitalization. Cuban expressed his regret on Kevin Hart's talk show, citing concerns about regulatory issues and taxi commissions hindering Uber's success. Cuban had previously invested in Kalanick's startup, Red Swoosh, in 2005.
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Mark Cuban Leaves 'Shark Tank' After 14 Years, Launches $750 Million Harbinger Sports Fund Targeting NBA, NFL, MLB | DeepNewz VC
deepnewz
·
2m ago
Medial
Mark Cuban has announced his departure from the television show "Shark Tank" after 14 years. Initially skeptical about the show's longevity, Cuban has revealed plans to launch the Harbinger Fund, a new business venture valued at $750 million. This marks a significant shift in Cuban's focus from the media spotlight to new entrepreneurial pursuits, highlighting his continued influence and ambition in the business and investment landscape.
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Elon Musk just can't seem to resist the dark urge to start beef with Mark Cuban
Business Insider
·
1y ago
Medial
Elon Musk criticized Mark Cuban for his continued support of President Joe Biden. Cuban declared that he would vote for Biden even if the world faced a thousand years of darkness. Musk, who previously voted for Biden but has been critical of his leadership, took offense to Cuban's statement. This is not the first time the two billionaires have clashed, as they previously argued over the importance of diversity, equity, and inclusion efforts in corporations. Musk has also been involved in disputes with other business rivals, including Google and OpenAI. Neither Musk nor Cuban has commented on the recent exchange.
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Mark Cuban is ready to fund a TikTok alternative built on Bluesky's AT Protocol | TechCrunch
TechCrunch
·
6m ago
Medial
Entrepreneur Mark Cuban is interested in funding a TikTok alternative built on the AT Protocol, developed by Bluesky, amid anticipated U.S. TikTok restrictions. The AT Protocol supports decentralized social media, aiming to improve on the existing ActivityPub protocol, with apps allowing account portability. Cuban encourages developers to create a minimum viable product and proposes investment opportunities for those developing TikTok alternatives using this technology, motivated partly by competition with Elon Musk’s platform, X.
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Mark Cuban says X is Elon Musk's 'little echo chamber' that only rewards people he likes
Business Insider
·
1y ago
Medial
Mark Cuban has criticized X (platform name not mentioned in the paragraph) as an "echo chamber" for its billionaire owner, Elon Musk. The criticism came during a podcast with Trevor Noah, where Cuban discussed his recent feud with Musk over diversity, equity, and inclusion (DEI) practices. Cuban described X as a platform that rewards people favored by Musk. He acknowledged the backlash he faced for challenging Musk's views but believed it was necessary to bring attention to the issue. DEI has been a subject of scrutiny lately, with other notable figures like Chip Wilson also expressing criticism. Musk's representatives didn't provide a comment on the matter.
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Billionaire investor Mark Cuban loses $870K in crypto scam
Economic Times
·
1y ago
Medial
Mark Cuban, entrepreneur and investor, lost approximately $870,000 to a crypto scam on September 15. Suspicious transactions were noticed in his MetaMask wallet that had been inactive for over five months. Cuban confirmed losing Ethereum (ETH), USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Name Service. He believes he downloaded a malicious MetaMask version, leading to the hack. Cuban was able to transfer around $2 million USDC to Coinbase Custody, preventing most of the assets from being stolen. This isn't his first crypto-related loss; he faced losses during the collapse of the TITAN stablecoin in 2021.
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Zuckerberg leads AI recruitment blitz armed with $100 million pay packages
Livemint
·
1m ago
Medial
Meta CEO Mark Zuckerberg is actively recruiting top AI talent to address an AI crisis within the company, personally reaching out to hundreds of researchers, scientists, engineers, and entrepreneurs. He's offering substantial pay packages, reportedly up to $100 million, to entice these experts to join a new Superintelligence lab he's developing. This aggressive recruitment strategy highlights Zuckerberg's commitment to advancing Meta's AI capabilities and staying competitive in the rapidly evolving technology landscape.
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