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How Mark Cuban Turned Broadcast.com Into $5.7B Sale: 'We Were The YouTube Of Our Day'
Tuesday, October 8, 2024 - 12:18pm | 566Mark Cuban's journey from software entrepreneur to billionaire began with a tech company called MicroSolutions in the 1980s. While many remember Cuban for his later ventures, it was MicroSolutions that first established him in the business world. "What we were really good at was connecting them...
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Mark Cuban Sold Trash Bags Door-To-Door At 12 Years Old, 'In Our Household, If You Wanted Something, You Had To Earn It'
Wednesday, June 14, 2023 - 3:50pm | 657Billionaire Mark Cuban has been hustling and running businesses since he was a boy. Cuban shared how he got started out of necessity and how he’s always tried to take care of his employees. What Happened: Cuban became a billionaire in 1999 with the sale of Broadcast.com, a company he co-...
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This Day In Market History: The Yahoo! IPO
Tuesday, April 12, 2022 - 9:27am | 301Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 12, 1996, Yahoo! went public. Where The Market Was: The Dow finished the day at 5,532.59. The S&P 500 finished at 636.71. What Else Was Going On In The World? In...
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Cowen Previews Data Center REITs
Wednesday, April 22, 2015 - 12:44pm | 779On Tuesday, Cowen & Company released a report updating data center REITs prior to earnings, including notes on: CoreSite Realty Corp (NYSE: COR): $2.3 billion cap, 3.4 percent yield CyrusOne Inc (NASDAQ: CONE): $1.65 billion cap, 4 percent yield DuPont Fabros Technology, Inc. (NYSE: DFT): $2.6...
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Citigroup Thinks Yahoo's Risk To Reward Is Favorable
Wednesday, October 29, 2014 - 2:39pm | 267Mark May of Citigroup resumed coverage of Yahoo! Inc. (NASDAQ: YHOO) on Wednesday with a Buy rating and $63 price target due to fundamental and event driven reasons. From the fundamental point of view, the analyst notes that shares at $45 reflect the following: 1. Alibaba Group Holding Ltd...
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Mark Cuban Tweets That Someone Will Buy Netflix
Friday, October 17, 2014 - 11:52am | 219Dallas Maverick owner and technology entrepreneur Mark Cuban tweeted on Friday that he is buying shares of Netflix, Inc. (NASDAQ: NFLX). Cuban noted that shares of Netflix's market cap of approximately $21 billion is nearly half the size of Yahoo! Inc.'s (NASDAQ: YHOO) $39 billion and...
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Cadillac President Johan De Nysschen's Epic Facebook Rant
Monday, October 6, 2014 - 3:16pm | 727Johan de Nysschen, global head of General Motors Company’s (NYSE: GM) Cadillac division, posted quite the Facebook rant last week. Among the points Nysschen made in his nearly 500-word epistle were the following: Explicit Instructions Nysschen started his post by saying, "Been...
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Markets Lower As Geopolitical Uncertainty Continues
Monday, July 21, 2014 - 4:46pm | 2931U.S. stocks were lower as leaders from Britain, France, Germany and Canada have all made their respective countries position clear that Russia will face further sanctions if air investigators are not given full access to the crash site in Ukraine. Israel continued its ground offensive in the...
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Markets Sell-Off After Malaysian Airline Crash In Ukraine
Thursday, July 17, 2014 - 4:50pm | 3179U.S. stocks sold off after news reports began to surface that a Malaysian Airlines jet has crashed in Ukraine. While details have yet to be confirmed, a Ukraine minister claimed that the plane, which carried nearly 300 people, was shot down by rebels. Also not helping the market sentiment...
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Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pm | 3415U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
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Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched
Tuesday, July 15, 2014 - 4:35pm | 2480U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...
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Markets Little Changed As The Quarter Comes To An End
Monday, June 30, 2014 - 4:34pm | 2316U.S. stocks were little changed as the second quarter comes to an end. Investors and traders are likely spending the last day of the quarter the same way they did to ring in the quarter: questioning the direction of the U.S. economy and wondering what is in store in the coming quarter. One...
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Markets Slightly Lower As Bullard Hints Higher Rates Could Come Sooner Than Expected
Thursday, June 26, 2014 - 4:34pm | 2399U.S. stocks were little changed as investors digested comments coming from head of the Federal Reserve Bank of St. Louis. The Fed's Jim Bullard said that the 2.9 percent decline in the first quarter GDP is “giving me heartburn.” Bullard added that the worse than expected figure...
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U.S. Supreme Court's Cellphone Decision Has Wide-Ranging Implications
Thursday, June 26, 2014 - 11:46am | 705In a unanimous decision Wednesday the U.S. Supreme Court ruled that police must obtain a search warrant before examining the contents of a suspect’s cell phone. The decision constituted a sweeping rejection of law-enforcement arguments that there was no difference between a cell phone and a...
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10 Reasons To Give Marissa Mayer A Break
Wednesday, June 25, 2014 - 3:49pm | 402Okay, so Yahoo! (NASDAQ: YHOO) CEO Marissa Mayer overslept and was two hours late for a meeting. An important meeting. Still, she is likely not the first CEO of a major corporation to oversleep and miss part of a meeting. She is however, Marissa Mayer, and...