NEW YORK ( TheStreet) -- I love Mark Cuban.
I admire the guy. He's living the dream. People who say he's "lucky" or only made one smart move in his life are jealous. We should all be as "lucky" (and smart) as Cuban.
It's a long-standing admiration; however, if it never existed it would have been born -- via natural labor -- when Cuban schooled known media hack Skip Bayless earlier this year on ESPN.
It's a YouTube respite well worth taking.Because I so often agree with Cuban, I have difficulty understanding the logic behind his recent criticism of Facebook (FB - Get Report). Maybe you saw the Tweet from late October. Cuban lashed out at Facebook for soliciting more money from him to reach a larger audience with his Dallas Mavericks Facebook page.
With that, this week Cuban apparently decided to go in a different direction. While he will not dump Facebook completely, it sounds like he'll deemphasize it. He probably should diversify his exposure. Keep it fluid. The NBA has a broad fan base; it makes sense to hit various forms of media, online and off. But why reduce Facebook because they, for all intents and purposes, charge a sliding scale for ad space? Reach more people, pay more money. If Cuban wanted to run a Mavs promo during the Super Bowl it would likely cost more for 30 seconds than it would to buy a full load of ads on 60 Minutes. In fact, it probably costs less to be on the lengthy Super Bowl pregame show than it does to get placed at halftime or some other prime slot. Pretty simple concept to grasp. It should worry investors -- and Cuban is one of the world's best -- if Facebook charged one price across the board. If you want to get into the 2 million-user territory, you should have to pay a grand or two more. If Facebook geeks its algorithm to prevent spam or puts the most engaging ads to the top, good for Facebook!
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts