In 1999, Cuban sold Broadcast.com for $5.7 billion to Yahoo. Since then, he has invested in a variety of businesses, primarily mission-driven enterprises. He is also the 247th richest man in the United States, having purchased the NBA team Dallas Mavericks for $4.5 billion. Mark Cuban is one of Wall Street’s few self-made billionaires. On some of his portfolio’s top equities, he has seen returns of over 1,000 percent. For a long time, Cuban has been a supporter of blockchain technology and growth stocks.
Insider Monkey highlights the list of 10 stocks to consider in the portfolio of Mark Cuban. Live Nation Entertainment, Inc. has launched a stock offering for $450 million to raise funds for general company purposes. The company, one of Cuban’s long-term assets, had previously stated its intention to buy a 51 percent stake in a Mexican concert producer. In terms of the value of transactions on the platform, Coinbase Global, Inc. is the largest cryptocurrency exchange in the world. Earlier this year, the corporation went public and ended the first day of trading with a market capitalization of $86 billion. In preparation for a push into e-commerce, Twitter, Inc. recently changed its targeted advertising algorithm. The move is thought to be part of the company’s ambition to treble sales by 2023. The company has a Market Perform rating from BMO Capital, with a $70 price target. Despite concerns of slowing subscriber growth and increased competition, Cuban has gone out in the media to describe his bullish opinion on Netflix, Inc. The company just outperformed market earnings per share expectations by $0.63 in the third quarter. In 2019, Cuban began purchasing the stock at a price almost half of what it is now. Since then, the value of the shares has nearly doubled. According to Citadel Investment Group, Amazon.com, Inc. is a major stakeholder worth more than $13 billion. For more details, click 10 Stocks To Consider In The Portfolio Of Mark Cuban.