Mark Cuban: We're in a Tech Bubble Worse Than in 2000

Daniel Banas |

Dallas Mavericks owner Mark Cuban believes that we're currently in the midst of a tech bubble...and it's even worse than the dot-com bust of 2000. In a post to his blog on Wednesday evening, Cuban wrote that "The bubble today comes from private investors who are investing in apps and small tech companies."



Nasdaq Drop -- Google Finance_1.jpg

See Cuban's CNBC interview video below:Cuban continued to pour cold water on the rampant optimism in the tech sector, asking "If a stock in a company is worth what somebody will pay for it, what is the stock of a company worth when there is no place to sell it?" 

 

What do you think? Does Cuban make sense, or is his prediction nothing more than (shark) baiting?

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Altair Resources Inc.

Altair Resources Inc, formerly Altair Gold Inc acquires, explores and develops mineral properties in Canada. The Company is in the process of exploring its mineral properties.

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…