Freight Technologies Stock (NASDAQ: FRGT)

Freight Technologies (NASDAQ:FRGT) Stock, Quote.Headers.trade-ideas

Freight Technologies

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. The company uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.

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Freight Technologies, Inc. - Ordinary Shares

Freight Technologies Inc

IMTX

Reported Earlier, Immatics Prices $150M Public Offering Of 16.25M Common Shares At $9.25/Share

Live Nation Entertainment&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) Ticketmaster has announced its support for the richer event tickets feature in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Wallet, which was introduced with iOS 18.
What Happened: In a blog post on Thursday, Ticketmaster revealed that it is set to roll out support for the richer tickets in Apple Wallet. &#8220;Ticketmaster&nbsp;is the first ticketing company&nbsp;to enable the new, enhanced&nbsp;ticket experience in Apple Wallet.&#8221;
The updated feature will offer users crucial&nbsp;information on their tickets, such&nbsp;as a venue map,&nbsp;parking details, recommended Apple Music&nbsp;playlists, weather forecasts for the&nbsp;event day, and a real-time location-sharing option.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a>
Mark Yovich, president of Ticketmaster, expressed his pride in collaborating with Apple to deliver this enhanced ticketing experience to fans.
&#8220;With the new, enhanced ticket in Apple Wallet experience, fans are closer to the action from the moment they add their pass to their iPhone,&#8221; he stated.
The new feature will make its debut later this month at the&nbsp;Los Angeles Football Club or LAFC&nbsp;home game at BMO Stadium.&nbsp;
iPhone users running iOS 18.0&nbsp;or later will be able to access the detailed tickets&nbsp;via the Ticketmaster or LAFCapps.
The company also plans to extend this feature to Miami HEAT tickets and more events in 2025.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes in the wake of recent controversies surrounding Ticketmaster.
Earlier this year, the <a href="https://www.benzinga.com/general/entertainment/24/09/40697540/oasis-fans-furious-as-dynamic-pricing-pushes-ticket-prices-sky-high-its-just-not-fair-says-">company faced backlash</a> over its dynamic pricing strategy, which led to a significant increase in ticket prices for the Oasis reunion tour.
Previously, the Department of Justice also <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39011644/doj-case-against-live-nation-is-weak-analysts-say-separating-ticketmaster-is-unlike">filed an antitrust lawsuit</a> against Live Nation Entertainment, Ticketmaster&#8217;s parent company.
The lawsuit challenges <a href="https://www.benzinga.com/general/entertainment/24/05/38680805/live-nation-fights-back-against-monopoly-claims-will-the-bad-blood-continue">Live Nation&#8217;s market dominance</a> through its subsidiary, Ticketmaster, and is part of the Joe Biden administration&#8217;s broader efforts to combat monopolistic practices across various industries.
The Justice Department has already taken steps against major tech companies like Alphabet Inc. and Apple, while the Federal Trade Commission is pressing Meta Platforms Inc.
Amazon.com Inc. is also facing a lawsuit for alleged monopolistic practices in the online marketplace.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image Credits &#8211; Apple
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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iOS 18 Users To Benefit From Richer Even Tickets In Apple Wallet After Ticketmaster Announces Support

Launch of Exchange Offers Satisfies Key Milestone in Implementation of EchoStar&#39;s Balance Sheet Optimization Transactions and Increased Support from Existing Stakeholders Now Representing Over&nbsp;90%&nbsp;of DISH&#39;s Approximately&nbsp;$5 Billion&nbsp;of Existing Convertible Notes Satisfies Minimum Tender Condition

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Economics

Germany Consumer Price Index (YoY) For September 1.6% Vs. 1.6% Est.; 1.6% Prior

Germany Consumer Price Index (MoM) For September 0.0% Vs. 0.0% Est.; 0.0% Prior

U.K. Trade Balance Non-EU For August -4.95B Vs. -6.85B (Revised) Prior

U.K. Trade Balance For August -15.06B Vs. -18.80B Est.; -18.87B (Revised) Prior

U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For August 0.2% Vs. 0.3% Est.; 0.3% (Revised) Prior

U.K. Manufacturing Production (MoM) For August 1.1% Vs. 0.3% Est.; -1.2% (Revised) Prior

U.K. Industrial Production (MoM) For August 0.5% Vs. 0.2% Est.; -0.7% (Revised) Prior

U.K. Gross Domestic Product (MoM) For August 0.2% Vs. 0.2% Est.; 0.0% Prior

This marks the first co-developed NGS-based CDx for lung cancer approved by NMPA since the release of the CDx guideline in China. The approval of this CDx test is the result of the simultaneous development of Burning Rock&#39;s independently developed LungCure CDx (a kit for the combined detection of 9 human gene mutations) and Dizal&#39;s innovative EGFR exon20ins targeted therapy - sunvozertinib, providing an innovative precision treatment solution for non-small cell lung cancer patients with EGFR exon20ins.

Health Care

General

Reported Earlier, Burning Rock and Dizal Secure NMPA Approval For NGS-Based Companion Diagnostic For Lung Cancer In China

Justin Sun, the founder of the Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) network, has been elected as the Prime Minister of Liberland, a so-called micronation with an economy built around cryptocurrencies and blockchains.
What Happened: Sun was <a href="https://liberland.org/news/598-liberland-congress-election-results">nominated </a>by President Vít Jedlička to serve as the acting PM&nbsp;after the cryptocurrency entrepreneur was declared the winner of a blockchain-based election process.
Sun&#8217;s accomplishments in space were recognized by the president&#8217;s office, and the administration hoped that the region&#8217;s blockchain initiatives would get a boost under him.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41284530/trump-widens-lead-over-harris-in-betting-odds-on-prediction-markets-sets-a-new-high-on-cry">Trump Widens Lead Over Harris In Betting Odds On Prediction Markets —Sets A New High On Crypto-Based Polymarket</a>
Sandwiched between Croatia and Serbia on the west bank of the Danube River, Liberland was founded by Czech politician Jedlička, who now serves as the president. Though Liberland says that the 7 km² space it occupies hasn&#8217;t been claimed by either of the two countries, Croatia has <a href="https://liberland.org/news/522-liberland-responds-to-croatian-foreign-ministry">deemed </a>it a &#8220;fictitious project&#8221; and contrary to international law. 
As of this writing, there has been no diplomatic recognition of Liberland by any member nation-state of the&nbsp;United Nations.
A so-called libertarian utopia, the region&#8217;s entire governance and legislation is managed on-chain, while the Liberland dollar (LLD) acts as the operational token of the blockchain.
The recent elections were conducted using a blockchain-based system, which, according to Liberland, ensures transparency and removes any doubts about election results. The micronation aims to set an example for other countries still using traditional election methods.
Why It Matters: Justin Sun&#8217;s election as Prime Minister of Liberland comes after a significant setback in his career. In April last year, <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31614541/grenada-takes-a-stand-tron-blockchain-founder-justin-sun-loses-wto-rep-role-amid-sec-lawsu">Sun lost his role as the Ambassador of Grenada</a> to the World Trade Organization (WTO) following an SEC lawsuit against him. He has served in this role since November 2021 and led Grenada&#8217;s delegation at the 12th Ministerial Conference.
Interestingly. he continues to use the initials H.E. (&#8220;His Excellency&#8221;) before his name on his official X account.&nbsp;
Price Action: At the time of writing, TRX, Tron&#8217;s native currency was trading at $0.1587, broadly unchanged in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.  
Photo Courtesy: Wikimedia Commons
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The shares are expected to begin trading on the Nasdaq Global Select Market on&nbsp;October 11, 2024&nbsp;under the ticker symbol &quot;CBLL&quot;. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Ceribell, are expected to be approximately&nbsp;$180.3 million, excluding any exercise of the underwriters&#39; option to purchase additional shares. The closing of the offering is expected to occur on&nbsp;October 15, 2024, subject to satisfaction of customary closing conditions.

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Mark Cuban, the influential entrepreneur and investor, recently pointed out the irony in former President Donald Trump&#8217;s criticism of China&#8217;s trade practices, while his endorsed Bibles are printed in the same country.
What Happened: On Thursday, Cuban took to Twitter to highlight the contradiction in Trump&#8217;s actions. He tweeted, &#8220;Trump has long blasted China&#8217;s trade practices. His &#8216;God Bless the USA&#8217; Bibles were printed there.&#8221;
Cuban also shared a story from the Associated Press that claimed Trump&#8217;s &#8220;God Bless the USA&#8221; Bible was printed in China, a nation he has frequently criticized for its economic practices. 
Global trade records revealed that a printing company in Hangzhou shipped nearly 120,000 Bibles to the U.S. between February and March 2024, <a href="https://apnews.com/article/trump-god-bless-usa-bible-china-32a80611605d4052d8238064bbcace4c?utm_source=twitter&amp;utm_medium=share">reported</a> AP News. The Bibles were produced at a cost of under $3 each but were sold for $59.99 or higher, allowing for a significant profit margin. Despite Trump&#8217;s sharp anti-China rhetoric, his decision to manufacture the Bibles there underscores a contradiction between his public statements and business ventures.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump has long blasted China&#39;s trade practices. His &#39;God Bless the USA&#39; Bibles were printed there <a href="https://t.co/FmQ2bsLDhS">https://t.co/FmQ2bsLDhS</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1844095838609641608?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/10/41229905/mark-cuban-says-elon-musk-advertisers-dont-want-to-be-associated-with-explicit-content-on-x-in-the-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Elon Musk Advertisers &#8216;Don&#8217;t Want To Be Associated&#8217; With Explicit Content On X In The Nam</a>
Critics of the Trump Bible voiced concerns about the fusion of religion and politics, with some calling it a &#8220;toxic mix&#8221; that could fuel Christian nationalism. Tim Wildsmith, a Baptist minister, criticized the Bible&#8217;s poor quality, noting issues like sticky pages and missing copyright information, according to the report.
The Trump campaign did not immediately respond to Benzinga&#8217;s request for comments.
Why It Matters: Trump&#8217;s endorsement of the &#8216;God Bless the USA&#8217; Bibles has been a point of contention. Trump <a href="https://www.benzinga.com/news/24/08/40412973/trump-made-300k-from-bible-endorsement-over-500k-from-a-maga-journey-and-millions-from-book-royaltie">earned</a> $300,000 from endorsing these Bibles. The report also mentioned that Trump made over $500,000 from &#8216;A MAGA Journey&#8217; and millions from book royalties.
Trump&#8217;s endorsement of the Bibles was <a href="https://www.benzinga.com/news/24/03/37949850/liz-cheney-slams-trumps-bible-sale-urges-him-to-read-one-instead-read-the-verse-thou-shalt-not-commi">criticized</a> by Senator Raphael Warnock (D-Ga.) and former Rep. Liz Cheney (R-Wyo.). Warnock, a pastor, stated that &#8220;The Bible does not need Donald Trump&#8217;s endorsement.&#8221; Cheney, on the other hand, suggested that Trump should consider reading the Bible's verse on adultery.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Politics

Mark Cuban Blasts Trump Over Made-In-China Bibles: 'God Bless The USA' Holy Books Printed Abroad

Elon Musk&#8217;s electric vehicle giant&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has unveiled a portless two-seater&nbsp;<a href="https://www.benzinga.com/topic/robotaxi" target="_blank" rel="noreferrer noopener">robotaxi product</a> before Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could release its long-rumored portless iPhone.
What Happened: On Thursday, <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">Musk introduced the Cybercab</a>, a dedicated robotaxi product featuring eye-catching butterfly doors that open upwards — but the real showstopper wasn&#8217;t just its sleek design or its surprisingly affordable price point of under $30,000.
The absence of a traditional charging port in favor of inductive charging technology marks a significant leap forward in electric vehicle design.
Inductive charging, also known as wireless charging, has been slowly gaining traction in the consumer electronics market for years. Companies like Palm, Nokia, Samsung, and Apple have all contributed to the popularization of this technology in smartphones and wearables.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Supplier Foxconn To Build World&#8217;s Largest Nvidia Superchip Factory Amid Soaring AI Demand</a>
However, Tesla&#8217;s decision to implement it in a full-scale vehicle represents a major escalation in its EV adoption.
This move is particularly noteworthy when compared to Apple&#8217;s gradual transition away from physical ports in its devices.
While Apple has made headlines by removing the headphone jack from iPhones and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27157468/apple-could-ditch-lightning-ports-for-usb-c-in-iphone-launching-next-year">adopting USB-C across its product line</a>, the company has yet to produce a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27211705/apple-could-go-with-usb-c-ports-for-magsafe-battery-airpods-and-other-accessories-b">completely portless smartphone</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're ready for autonomy: – Charging – Cleaning – Fleet <a href="https://t.co/hT94dZrbuW">pic.twitter.com/hT94dZrbuW</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1844579810795782159?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It&#8217;s Important: Previously, in 2022, analyst Ming-Chi Kuo said that Apple is unlikely to adopt portless technology for its iPhones anytime soon, citing the limitations of current wireless technologies and the underdeveloped state of the MagSafe ecosystem.
Later in the year, tech YouTuber&nbsp;Marques Brownlee&nbsp;said that while Apple plans to comply with the EU&#8217;s USB-C mandate, the tech giant <a href="https://www.benzinga.com/news/22/11/29563913/apple-plans-to-comply-with-eus-usb-c-mandate-but-there-could-be-a-twist-to-the-tale">could introduce wireless technology</a>.
&#8220;They'll comply. But if it (a smartphone) doesn't charge via wired charging at all, then they don't need a USB-C port. The real question is, will MagSafe be advanced enough by then,&#8221; he stated.
Apple eventually transitioned from its proprietary&nbsp;Lightning port&nbsp;to&nbsp;USB-C&nbsp;<a href="https://www.benzinga.com/news/23/09/34501203/apple-iphone-15-series-with-usb-c-tetraprism-camera-announced-check-price-and-availability-details">charging ports for the first time</a> with its iPhone 15 last year, but the rumors of a portless iPhone continue to surface.
Earlier, it was also reported that <a href="https://www.benzinga.com/news/22/05/27127353/could-apples-magsafe-like-charger-make-it-easier-to-charge-your-ev-in-the-future">Apple obtained a patent</a>, suggesting the use of a MagSafe-like charger for its rumored electric car. The patent described a charging station that could move longitudinally, allowing a vehicle to start charging immediately upon parking.
However, in February earlier this year, <a href="https://www.benzinga.com/markets/equities/24/02/37346162/apple-abandons-electric-car-project-to-focus-on-generative-ai">Cupertino scaled back its plans</a> for the Apple Car and decided to halt its electric vehicle development project, known as Titan.
Tesla Robotaxi, Courtesy Tesla
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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TSLA

Tesla Pulls An Apple, Drops The Charging Port Before Cupertino Could Remove It From The iPhone

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell by about 2.7% in overnight trading on brokerage firm Robinhood after the company&#8217;s <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">robotaxi unveiling event</a> late on Thursday failed to give investors confidence.
What Happened: Tesla on Thursday unveiled a two-seater Cybercab that can drive itself and a robovan with no pedals that can accommodate about 20 passengers at an event in Los Angeles on Thursday.
The event, however, was thin on details with the company not divulging the cost of the robovan. Musk also said that the smaller Cybercab will join the company&#8217;s autonomous taxi fleet only by 2026. The CEO further remarked that he is often optimistic about timelines, hinting at chances of delay. 
Why It Matters: Tesla investors were hoping the robotaxi unveiling event would give the stock a much-needed boost after the company&#8217;s third-quarter delivery numbers announced earlier this month sent the stock on a downward journey. 
Tesla delivered&nbsp;<a href="https://www.benzinga.com/news/24/10/41141444/tesla-stock-plunges-3-despite-q3-deliveries-exceeding-consensus-and-growing-year-over-year" target="_blank" rel="noreferrer noopener">462,890 vehicles</a>&nbsp;in the third quarter, marking an increase of 6.4% from the corresponding period last year, but below estimates. 
The company has previously said that it expects a lower delivery growth rate this year as compared to the last. However, it has not issued specific delivery guidance for the year.
Some analysts, including Deepwater Asset Management's Managing Partner Gene Munster, had expected Tesla to unveil a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41181089/tesla-robotaxi-event-might-have-3-product-announcements-but-will-likely-be-light-on">cheaper, mass-market EV</a> at the event on Thursday in addition to the robotaxi to ramp delivery numbers in the coming year.
Price Action: At the time of writing, the Tesla stock was down by 2.7% on overnight trading on Robinhood. Year-to-date, Tesla shares are down nearly 4%, after the stock closed down 0.95% at $238.77 on Thursday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Tesla

Tesla Stock Falls Nearly 3% In Overnight Trading On Robinhood After Self-Driving Cybercab Unveil

Cryptocurrencies referencing Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged Thursday as the electric vehicle (EV) juggernaut unveiled its dedicated two-seater robotaxi product.
What happened: A Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin, TeslaTAXI, pumped over 101% in the last 24 hours, <a href="https://coinmarketcap.com/dexscan/solana/xhzpWAj8VD1R971WRWDQiKzpjkpNvaqZGjvBVpBZc3D/">according </a>to CoinMarketCap. The coin's trading volume on the decentralized exchange (DEX) Raydium exceeded $53,000, while its market capitalization surged over $227,000.&nbsp;
Another cryptocurrency, TESLA, although having a very small market capitalization of $1,800, <a href="https://coinmarketcap.com/dexscan/solana/FYwxWEfMQV4yquMcc2NBxkugrH2PoH1Q2d9xhmFK7n6T/">increased </a>by more than 10% in the past 24 hours.&nbsp;
Moreover, a cryptocurrency named CYBERCAB on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) also seemed to be raking in the moolah, soaring 61%. 
It's worth mentioning that the aforementioned coins are not directly related to the company or approved by Musk himself. Additionally, the liquidity is markedly low as they aren't traded on major cryptocurrency exchanges and are currently only available on DEXes.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41255580/satoshi-nakamoto-identity-remains-a-mystery-after-hbo-documentary-bronze-statue-celebrates">Satoshi Nakamoto Identity Remains A Mystery After HBO Documentary: Bronze Statue Celebrates Bitcoin Founder&#8217;s Anonymity – &#8216;We Are All Satoshi&#8217;</a>
Why It Matters: The surge came as Tesla <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">revealed its robotaxi, nicknamed the Cybercab</a>, equipped with butterfly wings that open upwards.
The product was unveiled at the event called "We, Robot" held by Tesla at Warner Bros. Discovery Inc.&#8217;s movie studio near Los Angeles.
Price Action: Shares of Tesla were up 0.38% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The stock closed 0.95% lower at $238.77 during Thursday's regular trading session.
Photo by Avi Rozen on Shutterstock
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Tesla-Themed Coins Spike After EV Giant Unveils 'Cybercab' Robotaxi — Why You Should Be Careful

<a href="https://www.benzinga.com/startups/24/10/41120122/mark-cuban-getting-filthy-stinkin-rich-is-one-of-the-most-patriotic-things-you-can-do-thats-the-amer">Mark Cuban never holds back</a>, especially regarding his blunt advice on entrepreneurship. In a Bloomberg video from almost a decade ago, Cuban dropped some golden wisdom that still resonates today: "If you're starting a business and you take out a loan, you're a moron."
That's classic Cuban – cutting straight through the noise. He explains why borrowing money to launch a business is risky, especially with the uncertainties of a startup. "There are so many uncertainties involved with starting a business, yet the one certainty you'll have is <a href="https://www.benzinga.com/personal-finance/24/09/40920706/billionaire-mark-cuban-says-his-credit-was-so-bad-radio-shack-denied-him-if-you-use-credit-cards">paying back your loan</a>," Cuban says. He emphasizes that banks and lenders don't care about the success of your business – they care about getting their money back, making it a lopsided deal.
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His message to aspiring entrepreneurs? Focus on what you can control: your effort and knowledge. "99% of small businesses can start with next to no capital. It's more about effort … businesses don't fail for lack of capital, they fail for lack of brains, they fail for lack of effort," Cuban remarks. He insists that hard work and understanding your industry inside and out are the real keys to success. Cuban warns that competition won't just roll over. If you're going up against him, he says, "You better realize that I'm working 24 hours a day to kick your a&#x2A;&#x2A;."
Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
His advice might be tough to swallow, but it's rooted in reality. The stats back him up to some extent – while many businesses do rely on loans, they aren't always necessary. About 43% of small businesses apply for loans and around 29% fail due to running out of capital. Cuban's message is that borrowing isn't the only way to launch a business and starting lean can often be more sustainable.
And while Cuban is the star of Shark Tank, it might be easier for him to advocate this approach given his resources. Still, there are other ways to fund a business without debt. Approximately 78% of small businesses use personal savings rather than loans to get started. Alternative funding options like crowdfunding, angel investors, or grants are available for those who want to avoid debt. Cuban may have a unique vantage point, but he's onto something when he emphasizes avoiding debt – especially since nearly 70% of small businesses <a href="https://www.benzinga.com/personal-finance/24/09/40985018/mark-cubans-black-amex-card-was-declined-trying-to-buy-a-140-000-bottle-of-champagne-after-his-n">carry some form of debt</a>.
Mark Cuban's take on starting a business without relying on loans is practical and refreshing. He's not just throwing out harsh words for shock value; he's speaking from years of experience.&nbsp;
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Mark Cuban Says 'If You're Starting A Business And You Take Out A Loan, You're A Moron' – 99% Of Small Businesses Can Start With No Capital

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