I like Cuban, but the irony of him criticizing the bubble that allowed him to sell a completely worthless website for 6 billion bucks....
Friendster could have sold for the equivalent of $1 billion of google stock today. Now Friendster is worthless. Founder Abrams didn't pull a Cuban. Close, but no Cuban cigar. http://mashable.com/2014/02/03/jonathan-abrams-friendster-facebook/
As I said, I like Cuban. He was smart enough to recognize that sometimes you are just lucky and you shouldn't push your luck. He cashed out on the top... But he does have a point, we still have a bubble of some kind, when it goes to certain stocks and anything application related. Why AMZN and TSLA are in 3 digits is beyond me...
The entire app and social networking industry from silicon valley to San Francisco is all BUBBLE, maybe a handful of people will say its a bubble, I say its a bubble and I have been saying that for quite some time now, Im surprised it took Mark Cuban to say just that to get people to take notice, if you don't think its a bubble you're a fool! whatsapp $20,000,000,000, uber valued at $40,000,000,000 snapchat worth over $10,000,000,000 tinder $1,000,000,000 shazaam $1,000,000,000 instagram $35,000,000,000 tango $1,500,000,000 slack $1,100,000,000 wework $5,000,000,000 pinterest $11,000,000,000 airbnb $20,000,000,000 Ill add more to this list soon.....