Mark Cuban on Shake Shack initially taking small business loan: ‘You’re going to kill your brand’

Investing News

Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. 

Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks

Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that entrepreneurs were being “left out in the cold.” 

The Paycheck Protection Program, which initially had $349 billion allocated to it, ran out of money last week. The Senate could potentially vote to replenish the fund on Tuesday

— Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” on which Mark Cuban is a co-host. 

Articles You May Like

The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft’s ‘quantum-ready’ directive
Quantum Computing Debate Continues, But We See Staggering Gains Ahead
Irenic takes a position at KBR. Here’s how the activist may help improve shareholder value
‘I trust that my husband isn’t a gold digger’: I’m inheriting millions of dollars. My husband says I’m ‘selfish’ to keep it. Should I share it?
Which total market fund is best for long-term investors?