In case you had been browsing the web, you could have seen this shark-related declare.
“Mark Cuban’s Web Price Takes a $1 Billion Hit After Controversial Endorsement: ‘Go Woke, Go Broke’” learn a Nov. 4 Threads submit. The submit hyperlinks to an article that claims, “In a twist that even Shark Tank viewers couldn’t have seen coming, billionaire entrepreneur Mark Cuban’s web price reportedly dropped by a staggering $1 billion mere hours after endorsing Vice President Kamala Harris for the presidency.”
Did “Shark Tank” star, Dallas Mavericks minority proprietor and enterprise investor Mark Cuban lose $1 billion {dollars} following his endorsement of Harris, who misplaced the 2024 presidential election Nov. 5 to former President Donald Trump? No, this declare originated as satire.
(Screenshot of Threads submit)
This submit was flagged as a part of Meta’s efforts to fight false information and misinformation on its Information Feed. (Learn extra about our partnership with Meta, which owns Fb, Instagram and Threads.)
Join PolitiFact texts
The identical declare was shared first Nov. 2 by SpaceX Fanclub, a recognized satire account. Its Fb web page reads, “We submit SATIRE, nothing on this web page is actual.” The satire submit hyperlinks to an article on Esspots, additionally a recognized satire web site.
However when the declare was reshared on Threads, it was not labeled as satire. PolitiFact has fact-checked quite a few claims which have originated on SpaceX Fanclub and Esspots which have later unfold and not using a satire label.
The article linked within the viral Threads submit is an identical to the satire story shared Nov. 2 on Esspots.
PolitiFact additionally searched the Nexis information database for headlines about Cuban’s web price dropping and located no stories. The article shared within the Threads submit additionally refers to posts and public feedback that Cuban supposedly made to the media, however PolitiFact discovered no proof of these feedback.
In keeping with Forbes, Cuban’s web price has truly risen since his public endorsement of Harris. An archived Forbes profile of Cuban from July 17, lists a web price of $5.4 billion. He, together with different enterprise capitalists, endorsed Kamala Harris on July 31.
As of Nov. 6, Forbes lists Cuban’s web price as $5.7 billion.
The declare that Cuban’s web price took a $1 billion hit after endorsing Vice President Kamala Harris originated as satire.
We charge this declare False.
