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Mark Cuban

Sells Facebook shares

18 Jun, 2012

Cuban sells all 150,000 of his shares in Facebook at a loss. He blames his failed investment on supply and demand issues, and the high frequency of trading on the market.

It was gambling money, to be honest with you. Any time you try to time the market, you get what you deserve. Sometimes you’re right. Sometimes you’re wrong. This time I was wrong.