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Mark Cuban Said Elon Musk Is F**king With SEC on Twitter

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Sharks at the Shark Tank Season 8 Premiere at Viceroy | Mark Cuban Said Elon Musk Is F**king With SEC on Twitter | featured

According to tech entrepreneur Mark Cuban, Elon Musk’s latest offer to buy Twitter is “f**king with the SEC”. Cuban said it’s the latest elaborate attempt to show up to the Securities and Exchange Commission (SEC).

RELATED: Elon Musk Seriously Considering Making New Social Media App

Mark Cuban Says Musk “F**king with the SEC”

Mark Cuban at the 2013 American Music Awards | Mark Cuban Says Musk “F**king with the SEC”

Earlier, Elon Musk offered to buy social media platform Twitter at $54.20 per share. He also stated his intention to take the company private.

However, Mark Cuban said these statements are part of Musk’s elaborate digs at the SEC. In 2018, the SEC sued Musk for making false and misleading statements about Tesla’s finances.

At the time, Mush said that he secured funding to take Tesla private. 

Musk’s offer, complete with a 420 reference, comes with a declaration. In order to unlock Twitter’s full potential, Twitter needs to transform into a private company.

Mark Cuban noted that Musk’s Twitter offer was remarkably similar to the 2018 brush with the SEC. “My conclusion, @elonmusk is f—king with the SEC,” Cuban tweeted.

“His filing w/the SEC allows him to say he wants to take a company private for $54.20,” he added.

Then, the billionaire compared Musk’s Twitter offer to his previous declaration for Tesla.“‘Am considering taking Tesla private at $420. Funding secured,” Musk tweeted then. 

Musk To Profit From His Tweets

As a result of Musk’s tweets, his 9.2% stake in Twitter stands to benefit greatly. “Price go up. His shares get sold. Profit [up] SEC like WTF just happened,” Cuban summarized.

At the same time, Musk also revealed that his legal team is petitioning for an end to his SEC settlement. The settlement included a consent decree.

This means that Tesla lawyers will need to clear Musk’s tweets pertaining to Tesla or its business. 

However, the SEC maintains that Musk’s Tesla tweet constituted fraud. Musk himself argued that he tweeted the truth. Then, the SEC dispute resurfaced when Musk appeared at a TED conference in Vancouver.

There, he discussed his plan to purchase Twitter hours before this became public knowledge. 

Musk Has Enough To Buy Twitter

During the TED conversation, Musk insists that he has enough money to buy 100% of Twitter.

He also reminded the audience that back in 2018, he also had the backing to fund taking Tesla private. “With Tesla back in the day, funding was actually secured. I want to be clear about that,” he said.

However, Musk defended his settlement with the SEC over the Tesla issue. He said that at the time, banks warned that they would cut off funding if the cases persisted.

“So that’s like having a gun to your child’s head. So I was forced to concede to the SEC unlawfully. Those bastards,” he said. 

Mark Cuban Reveals Elon Musk’s Actual Plan

However, Mark Cuban thinks that all this posturing is meant for something else. He believes that Musk is simply getting to profit off his Twitter investment.

Cuban maintained that Twitter’s current board won’t sell the company. However, the threat of Musk’s buyout will push them to “get a friendly to come in and buy Elon’s shares and get him out”.

Cuban thinks that major tech firms such as Google or Facebook will consider buying Twitter, including Musk’s own shares. 

Watch the Yahoo Finance news video reporting that Twitter rejecting Musk’s offer ‘opens the door’ for Big Tech acquisition, Mark Cuban says:

Do you agree with Mark Cuban’s assertion that Musk just wants to profit off his Twitter shares?

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Do you agree with Mark Cuban’s assertion that Elon Musk is doing all this just to make a profit from his Twitter investment? Is this all an elaborate setup to raise Twitter’s value and then sell at a profit?

Let us know what you think. Share your thoughts in the comments section below.

7 Comments

7 Comments

  • Richard Hullfish says:

    Don’t get your panties in a wad Mark. SHIT HAPPENS, and your not allowed to participate. LOSER.

  • Marilyn says:

    👌👌

  • Princess says:

    Democrats are afraid of Elon as well as Trump

  • Texas Heart Breaker says:

    ” LIFE’S A BITCH THEN YOU DIE ”
    HUH!!! MARKIE POOH!!!!
    MARK CUBAN IS JUST MAD BECAUSE ELON MUSK THOUGHT OF BUYING OUT “TITTER” AND MAKING IT A TRUE BASTION OF “FREE SPEECH” BEFORE HE DID!!!
    AND ON TOP OF IT ALL. ELON STANDS TO MAKE ALOT OF MONEY FROM THE DEAL.
    JUST LIKE TRUMP IS DOING WITH HIS NEW SOCIAL MEDIA NETWORK. ELON SAW THE WRITING ON THE WALL WHEN TRUMP STARTED HIS FREE SPEACH APP. AND FIGURED HE WOULD DO THE SAMETHING. WHILE THE REST OF THE WOKE AND CENSORING SOCIAL MEDIA APP.’S ARE GOING IN THE TOILET!!!
    ONCE AGAIN:
    “FUCK JOE THE HO BIDEN”

  • mike ledin says:

    nobody really cares what the cube thinks,big mouth …..showboat……….get real cube your not as hot as you think you are.

  • Sam says:

    Mark should worry about his own discriminatory, sexist companies since he’s not rich enough to play that game. Sorry Mark, go cry to someone else. Maybe you can rip someone off on shark tank? Talk about cancelling someone, his account should be suspsended indefinitely. Wah wah wah.

  • K.Ortner says:

    Hey Marky, since you won’t disclose you were in fact one of the SHORT sellers on TESLA, you tried and FAILED to stop Musk! You and the rest of SHORT sellers that destroy companies and people perhaps says it all about you and your alleged friends. I will personally make sure to nominate you for the DADS™ award. To follow in your close friend’s demise; PUTIN, BIDEN, PELOSI, SCHUMER. The only danger you will face is loosing and hitting the best LOW in your lives. You see, as low as you all are, you are no better than a bug on the ground and when the boot of MUSK and the rest of us step, you will all squish like the rest. In close, BUG away!

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