Mark Cuban, a billionaire investor, expressed his opinion on fellow billionaire Elon Musk’s buyout bid for Twitter on Thursday, claiming that the deal has sparked a bidding war among Big Tech businesses to acquire the social media platform.
“Every major tech company, Google, Facebook, et al, is on the phone with their antitrust lawyers asking if they can buy Twitter and get it approved,” Cuban said to his 8.6 million Twitter followers, referring to Alphabet’s core business and Facebook, now Meta Platforms.
“And Twitter’s lawyers are on the phone, trying to figure out who can be their white knight. “It’s going to be interesting,” says the “Shark Tank” host “After Musk’s $43 billion takeover attempt for Twitter, TV star and Dallas Mavericks owner stated in a tweet. The Tesla CEO has become the app’s largest stockholder and recently reversed his decision not to join the board of directors.
Musk, who has a Twitter following of 81.7 million, has been outspoken about the changes he wants to see at Tesla. Musk, for example, has chastised Twitter for barring former US President Donald Trump, which he sees as a violation of free expression.
Meanwhile, Musk’s struggle with the Securities and Exchange Commission revolves around the subject of free speech. Musk urged a federal judge last month to overturn a 2018 agreement he signed with the Securities and Exchange Commission that compels Tesla lawyers to verify many of his tweets.
In another tweet on Thursday, Cuban stated, “My conclusion, @elonmusk is fucking with the SEC.” “His filing w/the SEC allows him to say he wants to take a company private for $54.20 [versus] his ‘Am considering taking Tesla private at $420. Funding secured’ Price go up. His shares get sold. Profit SEC like WTF just happened.'”
According to Forbes, Mark Cuban is an American billionaire entrepreneur, television personality, and media mogul with a net worth of $4.3 billion. He is rated No. 177 on the Forbes 400 list for 2020. He is the co-owner of 2929 Entertainment and the owner of the Dallas Mavericks, a professional basketball franchise in the National Basketball Association (NBA). On ABC’s reality show Shark Tank, he is also one of the key “shark” investors.
