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Mark Cuban Gets Facebook; Most Others Don't

If visioning the future like a rock star and turning a $500,000 investment into billions over the course of eight long years is short-sighted, I wish I was born with that flaw. The same goes for the "short-sightedness" of Zuckerberg, who created what we now take for granted as "social networking."

We now know that Zuckerberg doesn't plan on selling FB shares for at least a year.

It's easy to hammer Zuckerberg and Thiel -- people who took a chance and committed to Facebook well before it was a small success, let alone a worldwide phenomenon. It's also foolish.

Stepping away from Sorkin and Jackson and speaking more generally, where were the critics in 2004? They certainly were not predicting Facebook's eventual dominance. And I doubt they were accumulating shares of stocks such as Apple (AAPL) and Amazon.com (AMZN).

If these Johnny-come-lately investors couldn't see the future then, why should we listen to them when they rant about the present and question the future in 2012?

At the time of publication, the author was long FB.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Rocco Pendola is a private investor with nearly 20 years experience in various forms of media, ranging from radio to print. His work has appeared in academic journals as well as dozens of online and offline publications. He uses his broad experience to help inform his coverage of the stock market, primarily in the technology, Internet and new media spaces. He has taken a long-term approach to investing, focusing on dividend-paying stocks, since he opened his first account as a teenager. Pendola, 37, is based in Santa Monica, Calif., where he lives with his wife and child.
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