- Posts: 1847
- Thank you received: 50
ramage wrote: Are you sure that you are not describing President Trump? Mark Cuban has been a support of President Trump, as late as March 30, 2020.
Mark Cuban praises Trump: Says he deserves ‘all the credit in the world’ for handling of coronavirus outbreak
Cuban's comments about Trump are refreshing to say the least.
BY POLIZETTE STAFF
MARCH 31, 2020
ramage wrote: Here's the hard way: Cuban made his billion by selling a start up , broadcast.com, to Yahoo.com. This sale was 9 months after the IPO.
From Wikipedia.com (also available on a myriad of other sources. )
"On April 1, 1999, less than 9 months after the IPO, Yahoo! announced the acquisition of broadcast.com for $5.7 billion in stock. At the time, broadcast.com had 570,000 users, and the purchase price was $10,000 per user. Cuban sold most of his Yahoo stock that same year, netting over $1 billion. Founder Chris Jaeb, whose stake was diluted to less than 1% of the company, received approximately $50 million from the sale.
The service became a part of Yahoo! Broadcast Services.
Yahoo shut down much of its broadcast services in 2002 and broadcast.com has since been discontinued. Yahoo's high-profile purchase of broadcast.com has since been called one of the worst internet acquisitions.
I treasure the hypocrisy of the those suffering from TDS.