Kevin O'Leary hits back after Mark Cuban claims going woke is 'good business': 'Makes absolutely no sense'

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 87%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'Shark Tank' investor Kevin O'Leary explained on 'Fox & Friends' that companies will alienate half of the customer base by getting involved in politics.

you have customers of every kind. Republicans, Democrats, gender-specific or gender-neutral. It doesn't matter. You want to sell everybody everything all of the time. When you get involved in partisan issues, you basically lose 50% of your constituency. Why you would do that when you're a consumer goods or service company, everybody's learning, makes absolutely no sense.

Dallas Mavericks owner Mark Cuban looks on during the first half of the NBA game at Footprint Center on October 19, 2022 in Phoenix, Arizona.is just"good business," pushing back against those who say it's adversely affecting their bottom lines. In an interview with the Pittsburgh Post-Gazette on Sunday, the Dallas Mavericks owner spoke about the ongoing backlash against companies like Anheuser-Busch and the Target Corporation for promoting LGBTQ+ ideologies in their brands. Since promoting what many consider"woke" agendas, both companies have suffered massive losses worth billions of dollars.that invoking politics led to this downturn, Cuban insisted that embracing wokeness is a positive trait.

"There is a reason almost all the top ten market cap companies in the U.S. can be considered ‘woke.’ It’s good business," he said. Cuban explained,"Most CEOs have enough experience to know to just wait out the news cycle until they go to the next one."Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Cuban claims companies like Target, Bud Light going 'woke' is just 'good business'The Dallas Mavericks owner remarked on the ongoing controversy surrounding companies like Bud Light and Target over their transgender marketing strategies.
Source: FoxNews - 🏆 9. / 87 Read more »

Kevin O’Leary: US needs energy security, independence | Fox Business Video‘Shark Tank’ star Kevin O’Leary joins ‘The Evening Edit’ to discuss environmental activists go after insurance companies, threatening protests.
Source: FoxNews - 🏆 9. / 87 Read more »

GWINN: 'Call Me Woke': Mark Cuban Says 'Embracing Diversity' Is 'Good Business'Dallas Mavericks Owner Mark Cuban says that corporations who embrace the woke ideology are engaging in “good business.”
Source: BreitbartNews - 🏆 610. / 51 Read more »