{"id":1083444,"date":"2021-12-04T10:14:17","date_gmt":"2021-12-04T15:14:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1083444"},"modified":"2021-12-04T10:14:20","modified_gmt":"2021-12-04T15:14:20","slug":"mark-cuban-bought-an-entire-town-in-texas","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mark-cuban-bought-an-entire-town-in-texas\/","title":{"rendered":"Mark Cuban Bought An Entire Town In Texas"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmark-cuban-bought-an-entire-town-in-texas%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1083444&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Billionaire Dallas Mavericks owner Mark Cuban recently added the entire town of Mustang, Texas, to his portfolio.<\/p>\n<p>The town boasts 77 acres and a population of 21 \u2014 and Cuban does not have any definitive plans for the property. As he told The Dallas Morning News: \u201cI don\u2019t know what if anything I will do with it.\u201d<\/p>\n<p><a href=\"https:\/\/www.cnn.com\/2021\/12\/03\/business\/mark-cuban-mustang-texas\/index.html\">CNN Business<\/a> reported:<\/p>\n<p>The town was founded in the early 1970s, when it was known mostly as a local watering hole in an otherwise dry Navarro County, according to the paper. These days, there\u2019s little more than a trailer park and a strip club, Wispers Cabaret, which is reportedly in disrepair. On Friday, Google Maps showed the name of the club had been edited to \u201cMark Cubaret.\u201d \u2026<\/p>\n<p>Nearby attractions? Well, you\u2019ve got Dallas about 45 minutes north. And history buffs with a penchant for cult lore will be pleased to find that the city of Waco is just over an hour\u2019s drive southwest of Mustang. And just two miles from Wispers, there\u2019s \u201cNavarro County\u2019s first and only vineyard and winery,\u201d Angelita (which honestly looks super cute).<\/p>\n<p>Beyond entire Texas municipalities and NBA teams, another favorite investment vehicle of Cuban\u2019s is Bitcoin.<\/p>\n<p>\u201cBTC is digital gold. It wins that use case,\u201d Cuban <a href=\"https:\/\/www.dailywire.com\/news\/its-better-than-gold-mark-cuban-defends-bitcoin-despite-price-drop\">tweeted<\/a> in June. \u201cEvery other platform from Eth to you name it will win or lose based on their user base. Over time, as happened with tech stocks, people will understand the valuation metrics of networks\/platforms and invest based them.\u201d<\/p>\n<p>\u201cCrypto outperforms stocks not just on transparency, but by allowing tokens to share all the economics with holders. Revenues always get to holders, not to retained earnings. That\u2019s huge. The economics of apps and innovation are far better for entreprenuers and investors,\u201d Cuban continued.<\/p>\n<p>\u201cWill some fail. Of course. Will there be fraud. Yep,\u201d Cuban acknowledged in another thread. \u201cBut over time the apps will get better, there will be greater network effects and UI\/UX will make it easy for anyone to participate and understand. When Textbooks are NFTs and kids know its better than physical books and the used book market, they will go to the platform that is the path of least resistance. The challenge for all networks\/platforms is how big does the early mover advantage get?\u201d<\/p>\n<p>Earlier this year, Cuban threw his <a href=\"https:\/\/www.dailywire.com\/news\/the-4-business-moguls-cheering-for-the-little-guys-in-the-gamestop-fiasco\">support<\/a> behind amateur Wall Street investors pouring money into stocks heavily shorted by leading hedge funds.<\/p>\n<p>\u201cI got to say I LOVE LOVE what is going on with #wallstreetbets,\u201d he <a href=\"https:\/\/www.dailywire.com\/news\/mark-cuban-backs-wallstreetbets-i-love-love-what-is-going-on\">said<\/a> on Twitter. \u201cAll of those years of High Frequency Traders front running retail traders, now speed and density of information and retail trading is giving the little guy an edge.\u201d<\/p>\n<p>\u201cEven my 11 yr old traded w them and made $,\u201d he added.<\/p>\n<p>In an interview with CNBC, Cuban said that \u201cAs someone who\u2019s shorted stocks many times\u2026 you know exactly what you\u2019re getting into, and you know exactly what the risks are.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<a href=\"https:\/\/www.dailywire.com\/subscribe\"> member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Dallas Mavericks owner Mark Cuban recently added the entire town of Mustang, Texas, to his portfolio.The town boasts 77 acres and a population of 21 \u2014 and Cuban does not have any definitive plans for the property. As he told The Dallas Morning News: \u201cI don\u2019t know what if anything I will do with it.\u201dCNN Business reported:The town was founded in the early 1970s, when it was known mostly as a local watering hole in an otherwise dry Navarro County, according to the paper. These days, there\u2019s little more than a trailer park and a strip club, Wispers Cabaret, which is reportedly in disrepair. On Friday, Google Maps showed the name of the club had been edited to \u201cMark Cubaret.\u201d \u2026Nearby attractions? Well, you\u2019ve got Dallas about 45 minutes north. And history buffs with a penchant for cult lore will be pleased to find that the city of Waco is just over an hour\u2019s drive southwest of Mustang. And just two miles from Wispers, there\u2019s \u201cNavarro County\u2019s first and only vineyard and winery,\u201d Angelita (which honestly looks super cute).Beyond entire Texas municipalities and NBA teams, another favorite investment vehicle of Cuban\u2019s is Bitcoin.\u201cBTC is digital gold. It wins that use case,\u201d Cuban tweeted in June. \u201cEvery other platform from Eth to you name it will win or lose based on their user base. Over time, as happened with tech stocks, people will understand the valuation metrics of networks\/platforms and invest based them.\u201d\u201cCrypto outperforms stocks not just on transparency, but by allowing tokens to share all the economics with holders. Revenues always get to holders, not to retained earnings. That\u2019s huge. The economics of apps and innovation are far better for entreprenuers and investors,\u201d Cuban continued.\u201cWill some fail. Of course. Will there be fraud. Yep,\u201d Cuban acknowledged in another thread. \u201cBut over time the apps will get better, there will be greater network effects and UI\/UX will make it easy for anyone to participate and understand. When Textbooks are NFTs and kids know its better than physical books and the used book market, they will go to the platform that is the path of least resistance. The challenge for all networks\/platforms is how big does the early mover advantage get?\u201dEarlier this year, Cuban threw his support behind amateur Wall Street investors pouring money into stocks heavily shorted by leading hedge funds.\u201cI got to say I LOVE LOVE what is going on with #wallstreetbets,\u201d he said on Twitter. \u201cAll of those years of High Frequency Traders front running retail traders, now speed and density of information and retail trading is giving the little guy an edge.\u201d\u201cEven my 11 yr old traded w them and made $,\u201d he added.In an interview with CNBC, Cuban said that \u201cAs someone who\u2019s shorted stocks many times\u2026 you know exactly what you\u2019re getting into, and you know exactly what the risks are.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1083444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1083444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1083444"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1083444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1083444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1083444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1083444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}