Mark Cuban said that Twitter is « a unique asset » that Elon Musk will take public « the next time there is an insane bull market. »
Billionaire Mark Cuban predicted on Friday that Elon Musk will « make a killing » by owning Twitter after finalizing his $44 billion acquisition deal.
Cuban was responding to a comment on Twitter by Yale professor Howard Forman, who said that Musk « grossly overpaid » for the social media platform.
« He starts out having grossly overpaid for this opportunity. Can’t imagine any of the sharks doing this or believing this is a good start, » Forman said in response to Cuban’s tweet about Musk in which he praised his fellow billionaire and said that he is looking forward to his « era on Twitter. »
Cuban told Forman that Twitter is « a unique asset that he will be able to take public the next time there is an insane bull market. He just needs to grow it profitably and he will make a killing. »
Twitter came under Musk’s ownership on Thursday night, hours before the Friday deadline. He now controls the company after spending months trying to back out of the deal.
« The bird is freed, » Musk tweeted late Thursday.
