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Wednesday, May 08, 2024 4:02:16 PM
He build a company called Broadcast.com. It was acquired by Yahoo for around $6 Billion but he had partners. Cuban hedge his Yahoo stock by buying put options and call options because he couldn't immediately sell the Yahoo stock.
Cuban was very smart as he saw the dot Com bubble coming and I believe made about $1 Billion from selling his company.
But that in no way is similar betting it on an OTC scam.
But Cuban made it happen - he created something instead of being lazy and hoping a scam pays off.
I can't believe the naivete on the OTC market.
IG
The First Casualty of Emotion is Reason.
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