Mark Cuban on Why This Tech Bubble is Worse Than the Tech Bubble of 2000

Discussion in 'Wall St. News' started by blakpacman, Mar 5, 2015.

  1. blakpacman

    blakpacman

  2. The amount of ass kissing in the comment section is disgusting.
     
  3. dbphoenix

    dbphoenix

    Whatever sells . . .
     
  4. Pekelo

    Pekelo

    I like Cuban, but the irony of him criticizing the bubble that allowed him to sell a completely worthless website for 6 billion bucks....
     
    i960 and dbphoenix like this.
  5. dbphoenix

    dbphoenix

    Remember what people were getting for domain names?
     
  6. blakpacman

    blakpacman

    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/
     
  7. Pekelo

    Pekelo

    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...
     
  8. S2007S

    S2007S

    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.....
     
    Last edited: Mar 6, 2015