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As several Texas businesses prepare to reopen Friday, Dallas Mavericks owner, entrepreneur and TV personality Mark Cuban believes the Lone Star State may be moving to fast.
Cuban told WFAA, an ABC-affiliated television station in Dallas, in a zoom interview on Wednesday that Texas is “not yet” ready to return to business, saying he will not be letting his kids out this weekend.
“When it comes to health, would you let your kids out? I’m certainly not going to let mine,” he told the station. “… People are going to make their own decisions, that doesn’t mean they are going to make wise decisions, but they are going to do it for their own reasons and that’s fine, but there’s just so much uncertainty.”
On Monday, Gov. Greg Abbott issued his executive order that allows retail stores, movie theatres and dine-in restaurants to reopen at 25 percent of its capacity. However, the “Shark Tank” investor said he doesn’t believe businesses can profit from the occupancy restriction.
“It’s probably not going to profitable and not going to work,” he said. “… It’s going to be more expensive in 90 percent of the cases to open up and you’ll end up losing more money than you would have made staying closed.”
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Cuban, who recently joined President Donald Trump’s advisory team that’s focused on reopening the country’s economy, said he believes Texas should have extended its pick-up and delivery options to every retailer and company rather than allowing customers inside public spaces again.
“So many companies are now starting to adapt to pickup and delivery and getting good at it. Their cost structure is relative to that and they’re starting to make money at it. Do what works as opposed to putting people at risk,” Cuban said.
Watch the video below for the full interview.