No doubt about it.
Dallas Mavericks owner and Shark Tank superstar Mark Cuban believes what’s happening isn’t all bad. As a matter of fact, Cuban thinks waking up is actually a solid business move. What?
Bud Light and Target have come under fire for their controversial moves in recent months, with the most notorious incident involving Bud Light and Dylan Mulvaney. Anheuser-Busch beer is sales plummet, and beer’s decline is unlikely to stop any time soon. To me it sounds like a bad business model that Bud Light chose, but the Cuban… well, he thinks it’s the best thing since sliced bread.
“First of all, the decline in market capitalization is pointless. We have to realize that there are not that many individual owners of stocks. Almost all ownership is through funds and most trading is quantitative. The decline was not caused by tens of thousands of individual holders selling their shares,” Cuban said. Pittsburgh Post-Gazette.
Cuban then pointed to the success of big brands as proof that waking really works.
“There is reason to believe that almost all of the top 10 market caps in the U.S. have ‘woke up.’ It’s good business,” Cuban said.
Mavericks owners seem to believe that the majority of CEOs believe it’s best to wait for their own backlash and wait until the public pays attention to other issues.
“Most CEOs know enough to just wait through the news cycle before moving on to the next one,” Cuban said.
“There is reason to believe that nearly all of the top 10 market caps in the US have ‘woke up.’ It’s good business.”
Mark Cuban seems to think staying awake is a smart business decision.
Didn’t he see what was happening to Bud Light?https://t.co/NsZ7ustN4
— Outkick (@Outkick) June 12, 2023
How ridiculous!
