Mark Cuban Says This Tech Bubble is Worse Than the One in 2000

Just days after the Nasdaq broke 5,000 for the first time since 2000, billionaire entrepreneur Mark Cuban has thrown cold water on the most recent tech boom with a blog post arguing that this one is more fragile than the last. The crux of Cuban's argument is that in 1999-2000, the bubble was inflated by public companies that at least offered investors some liquidity. Cuban isn't the first to argue that the bubble is ready to pop, but he has more credibility than many. He sold his company, Broadband.com, to Yahoo for $5.7 billion in 1999, just before the dot-com crash. After that, Cuban diversified his wealth from the acquisition to limit his exposure to the market downturn.



wochit_business