Billionaire Mark Cuban says investors are not facing another dot com crash
November 14, 2022
Mark Cuban shared his opinion on the ongoing market crash and Elon Musk’s start at Twitter.
Dallas Mavericks owner argued the dot-com bubble was rife with questionable businesses, whereas investors have boosted tech valuations in recent years.
"In stocks and crypto, you will see companies that were sustained by cheap, easy money — but didn't have valid business prospects — will disappear," he said.
Shark Tank star Mark Cuban is not worried about Musk’s shaky start at Twitter.
"In a year from now, if it finds its footing, everyone will forget everything that's being said right now," Cuban told journalist Eric Newcomer for his "Newcomer" newsletter.
Cuban added that if Musk can assuage advertisers' worries about content moderation and also retain users, Twitter could put it in a better position.
Mark Cuban had earlier compared the boom in the day-trading boom in crypto during the pandemic to the dot-com bubble.