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

How Disney’s stock can book even more gains after its best year since 2020
Drone stocks are surging on Wall Street, led by Red Cat Holdings
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Why Short Squeeze Stocks May Be 2025’s Hidden Gems
Nike just laid out an ambitious turnaround plan. But it will come at a cost.