“Mark Cuban shifts company from Texas to California: ‘Can’t operate in red states.’”

Investor Mark Cuban is involved with multiple companies but claims that he’s moving one or all of them from Texas to California because he wants to be in a state run by Democrats originated as a joke.

“Mark Cuban shifts company from Texas to California: ‘Can’t operate in red states.’” a Jan. 2 Threads post said.

It was flagged as part of Meta’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook, Instagram and Threads.)

We looked for but found no credible evidence such as news reports or public statements that Cuban, who partially owns the NBA’s Dallas Mavericks, made such a statement, much less that he’s relocating his operations. 

We did find a Dec. 22, 2024, Facebook post on SpaceX Fanclub, a page describing itself as parody. 

“Nothing on this page is real,” the page’s bio says. 

Its post about Cuban purportedly shifting from Texas to California to snub red states is labeled “rated satire.” But it was reshared without that label.

We rate claims Cuban actually said and did this False.