. Famed American business magnate Mark Cuban has some sharp words for investors who bought Facebook (FB) shares on their first day of trading and are now crying about the company's plummeting stock. In a post on his personal Blog Maverick page, Cuban says that investors should have absolutely known what they were getting into when they plunged their money into yet another risky tech IPO and added that it's wrong to blame Facebook for charging $38 per share when people were willing to pay for it.
“Facebook was able to raise about 10 BILLION DOLLARS in this IPO,” Cuban writes.
Boy Genius Report , Mark Cuban to investors: Don't blame Facebook because you willingly paid $38 for its shares, Mark Cuban to investors: Don't blame Facebook because you willingly paid $38 for its shares
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