Mark Cuban explains how he pulled off one of Wall Street’s greatest trades
“When Yahoo offered us $5.7B in stock, I couldn’t sell it for six months”
“So what I did was I took every penny that I had and shorted the internet index as protection, basically taking insurance out in case the internet bubble popped”
“When I was allowed to sell it, because I couldn’t sell it all at once, it would just crater the market, so I did something called a hedge”
“What the hedge is, you can sell options. So I sold call options, which gave somebody else the right to buy my shares at a higher price in the future”
“I took that money and used it to buy puts, which protected me in case the price of my stock went down”
“When it popped, I actually made more money. It was called one of the top 10 trades in Wall Street history”
@JonahBlake Maybe Rasmr is paying a lower CPM than these platforms and expects clippers to work for him because there are platforms where you can easily get a $3-$5 CPM