Mark Cuban Bought 150,000 Facebook Shares

May 24, 2012
J. Webster
Comments Off on Mark Cuban Bought 150,000 Facebook Shares

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….

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