“I bought and sold FB shares as a TRADE, not an investment.
I lost money. When the stock didn’t bounce as I thought/hoped it would, I
realized I was wrong and got out. It wasn’t the fault of the FB CFO that I lost
money. It was my fault. I know that no one sells me shares of stock because
they expect the price of the stock to go up. So someone saw me coming and they
sold me the stock. That is the way the stock market works. When you sit at the
trading terminal you look for the sucker. When you don’t see one, it’s you. In
this case it was me.”
Friday, September 7, 2012
Facebook Investors Know Exactly Whom to Blame
Bloomberg’s Jonathan Weil reports that Mark Cuban, owner of
the Dallas Mavericks basketball team, wrote a post on his blog in response to a
column in which Andrew Ross Sorkin of the New York Times pinned the blame on
David Ebersman, Facebook’s chief financial officer. Cuban said:
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