Mark Cuban is all over the news, discussing what he’s been buying while the market swings because of the coronavirus and sharing his opinion about bailing out companies. Cuban said on CNBC’s “Squawk Box” that he’s mostly been buying:
- the SPDR S&P 500 ETF Trust, the exchange-traded fund that tracks the S&P 500 index.
- shares of Live Nation
Last Thursday, March 12, Cuban told CNBC he added to his stake in Twitter. “I’m a long-term holder there. I owned shares going into this decline. I don’t know what’s going to happen or when, but I think long-term we’ll be okay.”
On Tuesday, March 18, he tweeted about the bailout. “If we are going to bailout companies we need to make sure all employees benefit from a turnaround, not just execs. This would be a step toward income equality.” Cuban has promised to pay hourly employees for his Dallas Mavericks after the NBA suspended its season. Here’s what he said on Twitter.
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