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it was a lateral move
Lmao $4.8m worth of fb shares, they been down since open by 15%....i expected him to know better after making his money from the internet tech boom....
it was a lateral move
I'm sure he knows what the he is doing re , unlike your naruto anime loving ass.
When did he buy it? At the very beginning or like now. He was probably expecting irrational exuberance to drive up the price then quickly get out like others but the demand was never really there it backfired.
That is a Starbucks coffee for him. Think about it. Guy's worth like $10 Billion. That's 10 thousand million. 5 million to him is like 5 bucks to a guy who has $10K in the bank. he probably did it just to keep his hand in.
I'm gonna go ahead and trust the billionaire instead of the dummy buying $4.80 of koala meat stock and that thinks the '12 Spurs > '96 bulls, tbh.
Mark Cuban
Net Worth $2.3 B As of March 2012
just sayin'
mark is expanding his CBS radio to FB imho, and he already has the monopoly over other social networks such as AIM. mark might be a bad owner of an NBA franchise but there's no doubt he's a business genius tbh
Nah fool, 5 million its still alot of money even for a billionaire.
I never understood that analogy people make about millionaire spending millions like they're dollars and saying its nothing to them.
If they were to make a bad investment, I dont give a how rich that person is, I bet they'll still regret spending however much money on a failed venture.
he'll pay 5 million for crashing stocks but won't re-sign tyson chandler?
Stocks go up and down, perhaps he made a long term investement in FB. He was very smart to sell his company to Yahoo before the NASDAQ crash in 2000.
That being said I'm not sure what was his reasoning with Tyson Chandler. He invested a lot in the Mavs to win a championship, and he should have re-signed RC.
He had that ammount in his pocket and said something like "whatever...", and got the stock.
Bono was the smartest out of those that invested. He made more in one day then in his music career
does mark want to become a media empire like murdoch who atm is fail
Lol the same Cuban that has put up a mul ude of blog posts telling people to not invest in the stock market and just keep your money in the bank. Cuban thinks he is so damn smart...
If you're sitting on billions, you might buy $5 million in equity just because there's a 5% chance that Facebook explodes in value over the next decade like Apple. So I wouldn't score this as a fundamentally stupid move.
But anytime the venture capitalists behind a company are selling a bunch of their own shares in an IPO and partially cashing out instead of just issuing new shares, that's a huge, huge red flag. It means the people who know the books better than anyone don't necessarily think the company's still going up.
looks like his deron calculation
Facebook will be surpassed by another networking site when people find something new and decide to move there, which will coincide with Facebeook's decision to sell private information to 3rd parties and claim they were hacked.
at people declaring victory or defeat after FB has been trading for only 5 whole days. the premature ejaculation over that stock is almost comparable to spur fans' celebration over the team's fifth ring.
I stand corrected. So it's a week's worth of Starbucks.
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