Reported about 2 months ago
Mark Cuban, the billionaire entrepreneur, made a pivotal decision during the 2000 dot-com crash to safeguard his $1.4 billion fortune after Yahoo acquired his company, Broadcast.com, for $5.7 billion. Recognizing the unsustainable market dynamics, Cuban sold his Yahoo stock before the collapse, preventing a drastic loss as shares fell from $300 to $5. He later remarked that this strategic move is considered one of the top 10 trades in Wall Street history, illustrating the importance of protecting investments during volatile market conditions.
Source: YAHOO