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He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
The key to a "good life" is the ability to learn from your mistakes, according to Barbara Corcoran. "Recovering from failure, in my book, is 95% of life," Corcoran said. "If you're going to have a good life, you'd better be really good at getting back up, like a jack-in-the-box, boom, boom, boom. "They drove me crazy too, but I admired my superstars so much because of that ability ... You could punch them around. "Unfortunately, the only way to really learn is ... by tripping up and making many, many mistakes," said Corcoran.
Persons: Barbara Corcoran, It's, Corcoran, Tim Ferriss, you'd, Ferriss, They'd, Laurie Santos, , she's, Mark Cuban Organizations: Corcoran Group, CNBC, Dallas Mavericks Locations: Yale,
The billionaire said Trump "will tell you his snake oil will cure everything that ails you." I'm voting for Biden/Harris over Trump all day every day," Cuban told Axios on Tuesday. Cuban told Axios that when it came to Trump and Biden, it was a match-up between "the snake oil salesperson vs the incumbent, traditional politician." Musk mocked Cuban on Monday and said Cuban would vote for Biden even if the president "were a flesh-eating zombie." He can do what he wants," Cuban said when asked about the reported meeting between Musk and Trump.
Persons: Mark Cuban, Joe Biden, Donald Trump, Trump, Biden, Cuban, , Harris, Axios, Joe Biden's, he'd, Cuban's Biden, Elon, Musk, didn't, Biden's, Tesla, I'm, Andrew Ross Sorkin Organizations: Service, Biden, Trump, Cuban, Bloomberg, Elon Musk, The New York Times DealBook Summit, The Times, Musk, GOP, Republicans Locations: Florida
Elon Musk mocked Mark Cuban after the latter said he'd vote for Joe Biden's reelection. Cuban said he would still vote for Biden even if the president "was being given last rites." In a jab at Cuban, Musk said Cuban would vote for Biden even if he was a "flesh-eating zombie." AdvertisementElon Musk couldn't resist the urge to rip Mark Cuban after the latter voiced his support for President Joe Biden. – Mark Cuban," Musk wrote in an X post on Monday.
Persons: Elon Musk, Mark Cuban, Joe Biden's, Cuban, Biden, Musk, , Elon, Joe Biden, he'd Organizations: Cuban, Service, Bloomberg
Mark Cuban says he'll vote for Joe Biden — even if the president's on his deathbed. Cuban told BI that he expects a rematch between Biden and Donald Trump in November. AdvertisementMark Cuban says he's determined to cast his vote for President Joe Biden this November — even if Biden's on his deathbed. "If they were having his last wake, and it was him versus Trump, and he was being given last rites, I would still vote for Joe Biden," Cuban told Bloomberg on Monday. Cuban is the co-founder of the low-cost online pharmacy, Mark Cuban Cost Plus Drugs Co.
Persons: Mark Cuban, Joe Biden —, Biden, Donald Trump, he'll, Nikki Haley, , he's, Joe Biden, Biden's, Cuban Organizations: BI, Trump, Service, Bloomberg, White, Cuban
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire Investor Mark Cuban: There's nothing unique about the big three PBMsCNBC's Morgan Brennan sits down with billionaire investor and businessman Mark Cuban to discuss his prescription drug startup Cost+ and his participation in a White House roundtable focused on the cost of healthcare.
Persons: Mark, CNBC's Morgan Brennan, Mark Cuban
Watch CNBC's full interview with billionaire investor Mark Cuban
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with billionaire investor Mark CubanCNBC's Morgan Brennan sits down with billionaire investor and businessman Mark Cuban to discuss his prescription drug startup Cost+ and his participation in a White House roundtable focused on the cost of healthcare.
Persons: Mark Cuban CNBC's Morgan Brennan, Mark Cuban
The 65-year-old billionaire says he now regrets stressing about his age every time he hit a big numerical milestone. Just one thing: I wish I hadn't thought I was getting old at every milestone [birthday]… 30,40,50," Cuban wrote in a recent post on Threads. You may need to change your habits as you age to stay healthy, Cuban noted. Rather than getting frustrated about those changes, embrace them, Cuban wrote on Threads. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.
Persons: Mark Cuban, , Cuban, Becca Levy, Cuban's, Steve Kamb, Yoav Bergman, Bergman, he's, Recode, That's Organizations: Dallas Mavericks, Yale University, Foundation University Islamabad, CNBC Locations: Pakistan, Cuban
Billionaire Mark Cuban built his career using advice his dad gave him at age 14: Time is your most valuable asset. Sometimes, his dad brought him along to sweep floors — and, more specifically, show him the limits of working for someone else. "This time wasn't spent to learn about what my dad did, but to learn that his job didn't have a future," says Cuban, 65. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a MasterClass released last week. "I could make my own schedule and live my own life the way I wanted to do it."
Persons: Mark Cuban, Norton, wasn't Organizations: CNBC Locations: Pittsburgh, Cuban
Mark Cuban and Justin Huang have a mutual love for education — and a mutual hate for killing bugs. The two hit it off on Friday's episode of ABC's "Shark Tank," where Huang pitched his product, Cup-a-Bug, to the show's investor judges. A self-proclaimed "bug sympathizer," Huang created the contraption for a simple reason: "I'm just terrified of bugs, even from [childhood]. The investors encouraged him to take a minute to gather his thoughts and keep going, with Cuban yelling, "You're good!" Mark Cuban checking out the Cup-a-Bug on ABC's "Shark Tank."
Persons: Mark Cuban, Justin Huang, , Huang, We've, Lori Greiner chimed, Cuban, Huang's, Chapman, Daymond John, Mark, Christopher Willard Organizations: University of California, Irvine, LinkedIn, Disney Locations: Irvine , California, Cuban, U.S
That’s the message in a fascinating new memoir, “Burn Book,” by the tech journalist Kara Swisher, who hosts a multitude of podcasts and is a CNN contributor. I don’t think they read. In the entire time that you’ve been covering tech I don’t think there’s been a single major regulatory law. So it’s a real racket if you really think about it. And I do think there’s a human impulse even though you have this lizard brain that likes to stare at the phone.
Persons: , Kara Swisher, SWISHER, Will, I’ve, it’s, Steve Jobs, I’m, Don’t, What’s, there’s, they’ve, They’ve, Guess, Mark Zuckerberg, He’s, Joe, Biden, There’s, Sam Altman, Tony Blinken, It’s, that’s, you’re, We’ve Organizations: CNN, Communications, Alaska Airlines, United Arab, State, Facebook, Times Locations: It’s, America, Alaska, United Arab Emirates, UAE, Europe, New York, There’s
That's where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. "There's got to be a way that we can listen to Indiana University basketball ... over the internet," Cuban recalled the two of them saying, during a MasterClass course released Thursday. Cuban and Wagner sold the company to Yahoo for $5.7 billion in stock in 1999. It remains Cuban's most lucrative entrepreneurial endeavor, topping the $6 million sale of his first company, software business Microsolutions, in 1990. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.
Persons: Mark Cuban, Todd Wagner, There's, Cuban, Wagner, Broadcast.com, he's Organizations: Ivy League, Indiana University basketball, Yahoo, Hoosiers, Cost, CNBC Locations: Dallas, Bloomington , Indiana, Broadcast.com, Cuban
A self-proclaimed "serial plant killer" went on ABC's "Shark Tank" — and came away with a $300,000 offer for his houseplant health company Flora. Flora was founded in 2022 by Aabesh De, a former Microsoft employee who quit his "cushy" six-figure job to build a soil meter and accompanying app that alerts people about the health of their houseplants. "My dear mother gave me her prized rose bush plant that she had for years," De, 29, said on the show. "I would never go for a subscription model after buying [the soil meter]," she said. "I think you're smart as hell, and I like to invest in people who are smart as hell," Greiner said.
Persons: Aabesh De, De, we've, weren't, Robert Herjavec, Mark Cuban, Kevin O'Leary, O'Leary, Barbara Corcoran, Lori Greiner, Greiner, You've Organizations: Microsoft, CNBC Locations: Flora
New York CNN —What constitutes “political” content? “Our goal is to preserve the ability for people to choose to interact with political content, while respecting each person’s appetite for it,” Mosseri explained. “Meta seems unable to define ‘political’ content,” Charlie Warzel, a staff writer at The Atlantic who covers the intersection of technology, politics, and culture, told me. According to Meta’s Ad Library, the company has raked in more than $4 billion in political and social issues ad spending since 2018. It’s not just limited to social issues.
Persons: Meta, Mark Zuckerberg, Adam Mosseri, ” Mosseri, Elon Musk’s, , ” Judd Legum, , Mark Cuban, Charlie Warzel, Mosseri, ” Parker Malloy, It’s, Taylor, Jimmy Kimmel, Warzel Organizations: New York CNN, Popular Information, Washington , D.C, Meta, Meta’s Ad Locations: New York, Washington ,
In a recent slight, Cuban said that he prefers his Kia EV6 over his Tesla Model X Plaid. Cuban told Business Insider in an email that his Kia EV6 provides a better driving experience than his Model X Plaid. The Kia EV6 is said to get up to 310 miles. To be clear, these are just the thoughts of one driver, but BI also preferred the Kia EV6 over the Tesla Model Y in 2022. (He said "I think so" when asked if he has a Model X Plaid.)
Persons: Mark Cuban, Elon Musk, Kia EV6, , Cuban, Miles, Tesla, Kia, James Bell Organizations: Kia, Tesla Model, Plaid, Service, Musk, Tesla, BI, Cuban, Kia America Locations: Cuban, Elon
Your next landlord may be a pro sports team
  + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.
Persons: , Geoffrey Propheter, Daniel Slim, , Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, , “ Battery Atlanta ”, Truist, Atlanta, San Francisco, , City, Arlington , Texas, ” Cuban
Some people swear a productive day starts at 4 a.m. Others sleep on factory floors to ensure work gets done. The early-morning organization helps keep him productive throughout each day, he said. It's partially a privilege, Cuban admitted: He was initially attracted to entrepreneurship so he could control his own schedule. "The whole value of being in this position is just being able to control your time," Cuban, 65, said. But for Cuban, his schedule and communications are streamlined through his inbox, which helps him prepare for the day and cut down on unnecessary calls and emails, he said.
Persons: Mark Cuban, Trevor Noah, It's, Cuban, Nicola Hughes Organizations: CNBC, Cuban
AdvertisementTaylor Swift has threatened to take legal action against the college student who tracks her private jet and manages social-media accounts that publish its flights. Sweeney told BI that he appreciates Swift's music and has no intention of harming those he tracks. Advertisement"I think the people are interested," Sweeney told BI over text. Swift has faced backlash for her private jet travel, even topping a list of celebrities whose private planes emitted the most carbon in 2022. Swift's spokesperson previously told BI the singer had purchased carbon credits to offset her jet use.
Persons: Jack Sweeney, Taylor Swift, Sweeney, Swift, , Jack Sweeney —, stalkers, Elon Musk, Mark Zuckerberg, Tom Cruise, James Slater, Slater, Tree Paine, Swift's, Mark Cuban, Musk Organizations: Service, University of Central Florida, Elon, Washington Post, Business, Post, Electronic Frontier Foundation, Federal Aviation, FAA, BI Locations: Florida
Mark Cuban didn't want to invest in Genius Litter — until a bidding war between his "Shark Tank" co-stars annoyed him into changing his mind. If it's a high pH or a low pH, it will tell you if there's a potential health issue," said van Meer. That allowed him to put $1 million of his own cash, plus another $1 million already raised from other investors, into launching Genius Litter. "I want to build and scale this business and then sell it [strategically]," said van Meer. van Meer asked, countering with 10% split evenly among the three investors.
Persons: Mark Cuban, Ramon van Meer, van Meer, Van Meer, Robert Hervajec, Emma Grede, Herjavec, Lori Greiner, Kevin O'Leary, Lori, O'Leary, Van Meer wasn't, Greiner Organizations: ABC Locations: Austin , Texas
Read previewRecently, Mark Cuban learned that if you're searching for enlightenment or, at the very least, a stimulating debate on hot-button topics of the day, you may think twice about relying on Elon Musk's X. Cuban told The Wall Street Journal that the reaction didn't come to him as a surprise. "Twitter isn't real life," Cuban told the Journal. AdvertisementIn an X post on Saturday, Cuban said he's still on X "because it's more fun and interesting to argue with people who disagree with me." Cuban didn't make any suggestions when asked if there were any changes he would want to see on the platform.
Persons: , Mark Cuban, Elon, Musk, Cuban, X, he's Organizations: Service, Elon Musk's, Cuban, Commission, Business, Dallas Mavericks, NBA, Wall Street Journal, Elon, Twitter Locations: Cuban
"To spend more time with my family and because I believe the next wave of revenue generation is around real estate and entertainment and those aren't my strengths," the billionaire responded. Cuban has never been shy about pointing out where his strengths lie, saying in the past that he is "really, really, really good at sales." Those pursuits make more sense for the Adelsons, who have a long history in the entertainment, casino and real estate space, Cuban said in a pre-game interview on Dec. 27th. It's because of their real estate empires that they've built," Cuban said. It's been hard enough learning the pharmacy and basketball business, let alone trying to learn real estate as well."
Persons: Mark Cuban's, it's, Miriam Adelson, Cuban, Adelson, It's, Sheldon Adelson Organizations: Dallas Mavericks, NBA, Cuban, Twitter, ESPN, Las Vegas Sands, Forbes, Vegas Sands, Mavericks, CNBC Locations: Las Vegas, Texas, Cuban
New York CNN —Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K filing with the SEC made January 29. In Musk’s eyes, DEI is “just as morally wrong as any other racism and sexism,” he tweeted in December. And as recently as 2020, Tesla had been publishing its own corporate DEI reports, reaffirming its commitment to the mission. CNN has reached out to Tesla for comment, though the company does not usually respond to press requests.
Persons: Elon Musk, Tesla, , It’s, George Floyd’s, Harvard’s, Claudine Gay, Gonzalo Fuentes, Bill Ackman, Musk, ” Musk, Owen Diaz, Mark Cuban, , Catherine Thorbecke, Nicquel Terry Ellis Organizations: New, New York CNN, Equity, SEC, Bloomberg, Tesla, Black Colleges, Universities, , Asian Pacific Islanders, Minneapolis, CNN, SpaceX, Twitter, Viva Technology, Reuters Billionaire, Harvard, DEI, California Department of Fair, Housing, Fremont, Dallas Mavericks Locations: New York, America, Paris, France, Fremont , California, Fremont, United States, ” Cuban
Tesla removed language around its minority workers and employee groups in a recent legal filing. The carmaker ditched the references shortly after Elon Musk spoke out against DEI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe 2022 filing also cited outreach to Historically Black Colleges and Universities and Hispanic Serving Institutions to sponsoring employee resource groups across numerous locations, including Asian Pacific Islanders at Tesla, Black at Tesla, Intersectionality, Latinos at Tesla, LGBTQ at Tesla, Veterans at Tesla, and Women in Tesla. Tesla's decision to omit any references to minority workers and employee resource groups comes only a few weeks after its CEO took to social media to criticize DEI.
Persons: Tesla, Elon Musk, , Mark Cuban, Musk, it's Organizations: Elon, Service, Bloomberg, Black Colleges, Universities, Asian Pacific Islanders, Intersectionality, Tesla, DEI, Employment Opportunity, Fremont Locations: Tesla, Fremont, California
Mark Cuban once pictured himself running a major corporation — until he started his first job out of college. The experience "sealed" something he probably already knew, Cuban told CNBC Make It via email: If he wanted to run a company, he'd likely have to build his own. "I was a lousy employee because I was a know-it-all," Cuban told Wired last year. But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. Cuban's second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999.
Persons: Mark Cuban, Cuban, Trevor Noah's, unkindly, he's, didn't, he'd Organizations: , University of Indiana, Mellon Bank, CNBC, Software, Wired, Yahoo Locations: Pittsburgh, Cuban, America, Dallas
How to become a billionaire
  + stars: | 2024-01-23 | by ( Henry Blodget | ) www.businessinsider.com   time to read: +6 min
But, according to one friendly billionaire, Mark Cuban, there's no downside to being one. But by far the most common way to become a billionaire in the US is to make tons of money. If that were Brady's only income, and he saved all of it, it would still take him 50 years to become a billionaire. Others are shares of partnerships (hedge funds or private-equity funds, for example) or licensing agreements (like billionaire Michael Jordan's deal with Nike). Mark Cuban also recently said that becoming a billionaire is all about luck.
Persons: , Mark Cuban, year's, Forbes, Tom Brady, Michael Jordan's, Warren Buffett, Berkshire Hathaway, Luck, it's Organizations: Service, Business, year's Forbes, Forbes, NFL, Nike, Berkshire, Microsoft, Oracle, Google, Facebook, Bloomberg, Berkshire Hathaway, Amazon, Walmart Locations: Berkshire, America, Norway, Dell
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