OAN Staff Blake Wolf
12:35 PM – Wednesday, September 18, 2024
Billionaire businessman Mark Cuban announced his interest in buying the Fox News news network as well as Elon Musk’s social platform X, formerly Twitter.
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Although the “Shark Tank” business mogul expressed interest, he also noted that he couldn’t afford to purchase either companies, but reiterated again that he would buy the network “in a heartbeat” if he had the funds available.
Cuban went on to estimate that it would cost between $15 billion to $20 billion to purchase the network and make what he described as necessary “changes.”
“You’ve got to pay at least 50 per cent premium. So now it’s $22 billion. And then you’ve got to make all the changes, so that’s another $2 billion,” he continued. “You can sell some things off. So maybe it’s $15 billion, $20 billion net. I don’t have $15 or $20 billion in cash sitting around.”
Cuban has also coined the term “Fox News generation,” referring to the Baby Boomer generation. He bitterly claimed that this particular demographic went from being all about “sex, drugs and rock ‘n’ roll” to being the kind of people who “condemn Black Lives Matter (BLM) and watch Fox News in droves.”
He added: “It’s so upsetting to me. You have no idea.”
Additionally, Cuban, whose 2024 net worth is at $5.7 billion, similarly elaborated on his additional interest in purchasing Elon Musk’s social platform X (Twitter) if he had the available funds.
X is currently valued at $20 billion, a price that even Cuban can’t afford.
“I wish I could,” Cuban stated, in reference to purchasing X. “There’s no reason for him to sell it.”
Musk and Cuban have had multiple clashes on X.
Cuban has accused the X social platform of skewing the algorithm in order to fit Musk’s own preferred political leanings following the 2022 acquisition, which ironically, was what had been previously happening the entire time before Musk even took over the platform. However, rather than conservative ideals, it was left-wing ideals and Democrat voices that were pushed to the front of the algorithm. Many notable conservative leaders, even former President Donald Trump, was kicked off the platform for reasons that the previous platform owner, Jack Dorsey, now admits were a mistake.
“Permanent bans are a failure of ours and don’t work,” Dorsey said in 2022, walking back his previous statement where he expressed that Trump’s Twitter ban was necessary at the time. “It was a business decision, it shouldn’t have been. and we should always revisit our decisions and evolve as necessary.
Cuban continued, attempting to solidify his point that Musk has built an “inherent bias” into the X community.
“If you interact and argue with ‘right wing’ accounts, which Cuban does a lot, the algorithm will assume that’s what you *want* to do and give you more of it lmao [laugh my a** off],” Musk responded.
Cuban added: “He who controls the algorithm controls the platform – controls that world, that community… And Elon has built, X has built, a very strong right-leaning community.”
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