T*C
发帖数: 5492 | 1 Internet pioneer Mark Cuban has already cashed out of Facebook, selling all
of his 150,000 of his shares, he told CNBC Monday on "Squawk on the Street."
"I already sold it, I took my hit, my thesis was wrong. I thought we would
get a quick bounce just about the excitement about the stock. I was wrong,
and when you are wrong you don't wait, you just get out. So I took a beating
and left," Cuban said.
Facebook stock (FB) was a trade and not an investment because there was an
over issuance of shares, Cuban said.
The social networking giant issued 421 million shares, a move that Cuban
said hurt the company's stock price.
"I mean if you look at other companies like LinkedIn (LNKD), they issued 8.4
million shares and the stock skyrocketed. If Facebook would have come out
with 8.4 million shares, instead of 421 million, the stock would be at about
$200 right now. So it was just the circumstances that led to me getting in
and out," Cuban said.
Although Facebook has only traded as a public company for one month, it has
had its fair share of issues. Along with a botched IPO and shareholder
lawsuits, the company has also faced increased criticism of how it plans to
monetize its mobile platform.
Cuban, who co-founded and sold start ups like Broadcast.com and
MicroSolutions, acknowledged that the mobile space is huge, but it's an
issue every Internet company will have to deal with.
"It's not just Facebook, like some people are trying to make it sound, it's
Google (GOOG), how do they get out ads? It's Zynga (ZNGA), it's everybody
dealing with the same issues," Cuban said. "I think you will see an increase
of monetization on the mobile level. But if Facebook can't do it, everybody
else has the same risk and the same problem." |
|
