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Domain: blogmaverick.com
Stories and comments across the archive that link to blogmaverick.com.
Stories · 11
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Mark Cuban Blames Himself For Losing Money On Facebook IPO
McGruber writes "In a blog entry, American business magnate Mark Cuban explained who he blames for his losing money in Facebook stock: '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.'" -
Dark Days Ahead For Facebook and Google?
An anonymous reader writes "Dallas Mavericks owner and media entrepreneur Mark Cuban thinks he knows the reason for Facebook's disappointing IPO; smart money has realized that 'mobile is going to crush Facebook', as the world's population increasingly accesses the Internet mostly through smartphones and tablets. Cuban notes that the limited screen real estate hampers the branding and ad placement that Google and Facebook are accustomed to when serving to desktop browsers, while phone plans typically have strict data limits, so subscribers won't necessarily take kindly to YouTube or other video ads. Forbes' Eric Jackson likewise sees a generational shift to mobile that will produce a new set of winners at the expense of Facebook and Google." -
Will Patents Make NCAA Football Playoffs Impossible?
An anonymous reader writes "Mark Cuban recently announced plans to create a college football playoff system, which many people (including President Obama) have been claiming has been needed for years. However, after doing so, Cuban received an odd email, claiming that he'd better watch out, because a college football playoff system is patented and anything he did would likely infringe. The patent wasn't named, but Techdirt believes it has found the patent in question, along with another pending patent application (which has some amusing errors in it — such as an abstract that says it's about a boat fender, rather than a sports playoff system). So is it really true that some random guy in Arizona is the only person who can legally set up such a college football playoff system?" -
If You Live By Free, You Will Die By Free
Hugh Pickens writes "Internet entrepreneur Mark Cuban writes that the problem with companies who have built their business around Free is that the more success you have in delivering free, the more expensive it is to stay at the top. '"They will be Facebook to your Myspace, or Myspace to your Friendster or Google to your Yahoo," writes Cuban. "Someone out there with a better idea will raise a bunch of money, give it away for free, build scale and charge less to reach the audience."' Cuban says that even Google, who lives and dies by free, knows that 'at some point your Black Swan competitor will appear and they will kick your ass' and that is exactly why Google invests in everything and anything they possibly can that they believe can create another business they can depend on in the future searching for the 'next big Google thing.' Cuban says that for any company that lives by Free, their best choice is to run the company as profitably as possible, focusing only on those things that generate revenue and put cash in the bank. '"When you succeed with Free, you are going to die by Free. Your best bet is to recognize where you are in your company's lifecycle and maximize your profits rather than try to extend your stay at the top," writes Cuban. "Like every company in the free space, your lifecycle has come to its conclusion. Don't fight it. Admit it. Profit from it."'" -
Speculation on Google / YouTube "Hardball"
An anonymous reader writes, "Interesting speculation on the 'GooTube' deal, oozing with corporate intrigue. Based on Mark Cuban's blog and a subsequent ZDNet blog posting, it seems as though there might have been some dodgy goings-on just prior to the deal. In short, YouTube may have handed the major labels approximately $50M so that the labels would turn a blind eye to the copyright infringements AND go after the competition to cement YouTube's position in the market. Universal started the ball rolling a week after the deal by suing Bolt and Grouper." Cuban's blog does not identify the author of the speculation, who calls himself "an experienced veteran in the digital media business." Cuban writes that this is someone he "respects and trusts." -
Network TV Downloadable Via iTunes
IconBasedIdea writes "Dallas Mavericks owner and opinionated media entrepreneur Mark Cuban blogs about Walt Disney cheese Robert Iger, and his recent deal with iTunes to allow TV episodes to become available for purchase and download. Granted, it was only a matter of time, but someone had to go first, and it is apparently ABC. Could this help niche shows stay alive longer? Will it kill traditional TV ads, long on the downswing of effectiveness? Will we end up eventually paying (or stealing) all of our future programming?" -
Google Reacts to Splogs
labnol writes "Recently, Mark Cuban of Icerocket made the accusation that Blogger is by far the worst offender when it comes to Spam Blogs. Now Google Blogger is introducing Word Verification for user comments to prevent comment spam and another feature called Flag As Objectionable where users can report blogs with questionable content. Google appears to be listening." -
Cuban Says RIAA Damages Should be $5 Per Month
Thomas Hawk writes "Mark Cuban is arguing over at Blog Maverick that with the introduction of Yahoo!'s new $5 per month music service that this needs to become the new de facto 'damages' that the RIAA ought to be able to claim when suing kids. After all, when the kids could have paid for the music via Yahoo! for $5 a month it makes it hard to say the music loss is worth more than that. 'The RIAA can no longer claim that students who are downloading music are costing them thousands of dollars each. They cant claim much of anything actually. In essence, Yahoo just turned possession of a controlled music substance into a misdemeanor. Payable by a $5 per month fine.'" -
IPTV Revolution Put on Hold
prostoalex writes "Business Week says the IPTV revolution might be postponed. As telecoms are launching the new service, they are facing the problem of lack of content: "But improvements like these can happen only if content providers - media companies and movie studios like Disney - play along. So far, it seems, they're not. Disney didn't return calls from BusinessWeek Online seeking comment, and it hasn't signed with any outside distributor to provide its movies for video-on-demand. Most studios have agreed to only limited video-on-demand distribution, fearing it could cut into revenues from rentals and DVD sales - now generating bigger income streams than the box office itself." The solution just might be buying out content companies, like Mark Cuban does. In the retrospect the Comcast bid for Disney and AOL buying Time Warner start making sense." -
Mark Cuban to fund Grokster vs. MGM case.
Deadric writes "According to Mark Cuban's latest blog entry, he will help fund the Grokster vs. MGM case, which threatens to destroy the Betamax shield." -
Mark Cuban on the future of HD Media
kcmarshall writes "Mark Cuban's most recent blog post talks about what media will carry HD movies and content. The post makes it obvious that he's not a typical exec with a secretary who checks his email for him. He writes about ripping DVDs "that [he] had PURCHASED" to keychain drives and copying HD content to an external FireWire drive. He believes that the solution to movie piracy is bigger file formats."