Despite Facebook’s poorly run IPO, Dallas Mavericks owner Mark Cuban took a flyer on $150,000 shares of Facebook for an average price of $32.49:
“And in the interest of disclosure I bought 150k shares of FB. 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. Its a trade, not an investment. Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week.” (BlogMaverick)
I wonder how long he’s going to hold on to the stock if it continues to struggle….