Posted on 02/25/2017 6:50:27 PM PST by tony75034
Cuban is a one-trick pony.
Cuban was an unethical salesperson fired from his software sales job and lucked into a few sweet deals.
In 1999, during the dot com boom, he and a partner sold their company, Broadcast.com, with revenues of $50-$60 million for $5.7 billion to a bunch of idiots at Yahoo.
Cuban likes to come across as some sort of investment/business guru. Today, he is worth about $3.3 billion. So he’s worth almost $3 billion in 1999 and he’s worth about $3.3 now? I certainly wouldn’t consider this clown to be a business guru. I would consider him to be a lucky SOB to find idiots at Yahoo willing to pay an obscene amount before the dot com bust.
Trump has accomplished so much more. He’s proven to be successful in so many more ventures. Cuban is a one-trick pony.
It’s yet another blogpimped, clickbait site...
The person who posted this only posts this particular site...
democrats are buyable...that’s why the billionaires prefer the rats....they know what to do to get what they want ...$$$$$$$
Well he’s a billionaire “communism for thee, not for me” guy.
Like so many others.
Is he the one who produced the Girls Gone Wild videos in the 80s?
Mark has the Hapsburg jaw.
Cuban was a major player in the GGW videos
Cuban’s JEALOUSY IS SHOWING.
“The person who posted this only posts this particular site...”
“We’re calling Mark Dice a “media analyst” now?”
Now he’s “YouTube’s most popular conservative news analyst.” LOL!!!
Cuban has a shallow mind. He doesn`t understand a thing about events that are swirling around him. He thinks he`s Trump`s equal simply because he also is a billionaire. But not all billionaires are equal, Cuban. You could have twice the net worth as Donald Trump and you`d STILL be a loser.
Trump is unique and uniquely effective, not merely because he`s a billionaire. I suspect most billionaires, would be lousy presidents. But a `President Cuban` would take lousy billionaire presidents to a whole new level.
Hillary’s used to that sort of thing.
Hillary’s used to that sort of thing.
Mark Cuban never liked Trump. With every interview you could see how he was a strong Clinton supporter. Ever since Obama invited him to the White House, he turned away from Republicans almost completely, only making believe he was still for entrepreneurs and common sense.>>>
very funny guy. Trump calls him stupid here he demonstrates his stupidity. he knows the buzzwords. people will be replaced. like coal miners, etc. fox o’reilly.
https://www.youtube.com/watch?v=kotXuklem5Q
I wish Shark Tank would fire Cuban so I could watch it again.
Correct. Broadcast.com was never profitable. It had debt of $10 million. It only stayed afloat due to loans. Mr "Pro Hillary/Anti-Wallstreet" Cuban used GoldmanSachs to lock in the value of their paper profits.
From this article:
Mark Cuban and Broadcast.com: The Multibillion Dollar Coup
As was common during the Internet bubble, massively overvalued companies such as Yahoo did not pay for their acquisitions in cash; rather they used their bloated stock as currency. Yahoo issued the equivalent of $130 per share in Yahoo stock to the owners of Broadcast.com to fund the acquisition.
The only reason that Broadcast.com had remained afloat until its IPO in 1998 was the original $1 million in capital which Cuban had supplied to get the business off the ground and more recently a private placement of $26 million that temporarily capitalized the company until the business could be IPOed.
When Broadcast.com was taken public it had fewer than $7 million in revenues, $28 million in equity, and an accumulated deficit of of nearly $10 million dollars in its brief history. In reality, the company had little or no chance of achieving profitability in the foreseeable future. Nevertheless, the company IPOed at $18 in 1998 and before the market closed on its first day of trading, the stock had appreciated to $62 per share. Just like that, Cuban had a paper net worth of nearly $100 million; however, the much bigger hit was yet to come.
Jessie Livermore once said that the big money was made in the waiting, but Mr. Livermore never lived through the Internet bubble of the 1990s. The Internet bubble was a time when the big money was made by IPOing a dot com, then cashing in as many chips as possible before the air went out of the balloon.
To his credit, Mark Cuban recognized that fact and he wasted little time in locking in the counterfeit nature of his new Yahoo stock which had a market value in excess of $1 billion.
"In the wake of the Yahoo sale, Cuban had other things on his mind than Broadcast.com's fate. He and Wagner went to Goldman Sachs (NYSE:GS) and had the investment bank structure a collar — selling calls and buying puts on Yahoo stock — that locked in the value of their paper profits."
Thanks for the link.
Cuban is like the Forrest Gump on financial gurus except I have a lot more respect for Forrest.
It’s almost like Cuban hits it big at the casino and then he believes his good fortune is because he’s so smart.
What a hothead and a total joke! Tweets hate then deletes them!
Check out the OP’s posting history.
You’ll figure it out.
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trump isn’t afraid- he’s just not going to roll over and listen to the BS of the MSM any longer- and kudos to him for not doing so-
What a jerk.
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