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Owner of the NBA’s Dallas Mavericks and entrepreneur, Mark Cuban, offered his take on Elon Musk’s historic offer for Twitter yesterday.

Cuban made a number of tweets regarding the situation before a concluding tweet on what he believes it’s all about.

“My conclusion, @elonmusk is f*cking with the SEC. His filing w/the SEC allows him to say he wants to take a company private for $54.20 (laughing face emoji) Vs his ‘Am considering taking Tesla private at $420. Funding secured,’” Cuban declared.

Cuban then explained, “His shares get sold. Profit (goes up) SEC like WTF just happened.”

Prior to that, Cuban had suggested, “Want to see the whole world lose their sh*t? Get Peter Thiel to partner with Elon and raise the bid for Twitter.”

During an interview at the TED2022 Conference yesterday, which took place after Cuban’s latest tweet on the matter, Musk referred to SEC regulators as “bastards” and that although he and Tesla each agreed to pay the regulator $20 million fines for his “funding secured” tweet in September 2018 and Musk gave up his role as company chairman, he said he was coerced into that settlement.

“Funding was actually secured. I want to be clear about that. It’s maybe a good opportunity to clarify that. I don’t mean to blame everyone at the SEC but certainly, the San Francisco office, because the SEC knew that funding was secured but they pursued an active public investigation nonetheless,” Musk elaborated.

Musk also told the interviewer, Chris Anderson, that “We want to have the perception and the reality that speech is as free as possible.”

“A good sign as to whether there’s free speech is: Is someone you don’t like allowed to say something you don’t like? And if that is the case, then we have free speech,” Musk explained.

Musk added that he believes, “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.”

David Caron
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