Billionaire Mark Cuban Suffers Meltdown Over Elon Musk’s Offer to Purchase Twitter

By
David Rufful
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OPINION | This article contains commentary that reflects the author's opinion.

Mark Cuban, who has an estimated net worth of $4.7 million, has joined a chorus of liberals who are freaking out about Elon Musk’s cash offer to purchase Twitter for $43 billion. Musk’s net worth of $265 billion towers over Cuban who can’t come remotely close to purchasing the company. Musk is looking to take the company private and ensure it allows for free speech on the platform.

Cuban says Musk is “f***ing with the SEC” by filing an offer to purchase Twitter for $43 billion. “I think Twitter will do everything possible not to sell the company. They will try to get a friendly to come in and buy Elon’s shares and get him out,” Cuban wrote.

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Cuban also notes how Musk frequently slips jokes about marijuana into his business dealings, which can sometimes lead to more profits. After Musk smoked pot on Joe Rogan’s podcast, it’s become a running joke.

Cuban explained how this tactic fools the SEC. “His filing w/the SEC allows him to say he wants to take a company private for $54.20. Vs his ‘Am considering taking Tesla private at $420. Funding secured.’ Price go up. His shares get sold. Profit,” Cuban tweeted. “SEC like WTF just happened.”

“The offer per share, $54.20, is reminiscent of Musk’s infamous 2018 tweet in which he said he had the money to take Tesla private at $420 per share, which caused Tesla’s stock to jump but never materialized,” Fox News reported.

“Musk frequently cracks “420” jokes, as the number is slang for marijuana,” the report adds. Here’s a look at Cuban’s tweets:

Liberals everywhere have been freaking out over Musk’s offer to purchase Twitter.

MSNBC’s Katy Tur hilariously warned viewers of a “massive, life and globe-altering consequences” if Musk buys Twitter.

Staffers at Jeff Bezos-owned Washington Post sound alarm on Musk’s offer to buy Twitter.

“I am frightened by the impact on society and politics if Elon Musk acquires Twitter,” Washington Post columnist Max Boot tweeted. “He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less.”

Musk, who has more than 81 million followers on Twitter, announced the offer on Thursday morning to buy all outstanding shares for $54.20 each.

“I believe free speech is a societal imperative for a functioning democracy,” Musk said in a Securities and Exchange Commission filing. “I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

Musk said Thursday that it would “be utterly indefensible not to put this offer to a shareholder vote.”

“If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty,” Musk tweeted.