It’s possible he knew more about yahoos future rather then specifically about his particular product being bad.
Internet radio was absolutely a thing, think iheartradio, it’s fucking massive now, sure their main business isn’t internet radio anymore, but it’s not like there was absolutely nothing of value there.
For “every station can just make their own site” sure, but look at the state of streaming services to see how that ends up panning out. Not to mention the difficulty and ongoing costs associated with that, especially back then, much less plug and play stuff.
Not saying I support Cuban, he’s definitely part of the class that constantly exploits us, just had some specific critiques lol.
I actually hadn’t heard of iheartradio before, but after checking it out, it seems like as you mentioned it’s as much a podcasting/music streaming site as it is a radio network. And even then, it looks like it’s the biggest “internet radio” company in the US with a market cap of $250 million. Mark Cuban’s internet radio company was sold for $5.7 billion in 1999… which would be over $10 billion today. So I’m standing by my original statement that he absolutely fleeced Yahoo.
It’s possible he knew more about yahoos future rather then specifically about his particular product being bad.
Internet radio was absolutely a thing, think iheartradio, it’s fucking massive now, sure their main business isn’t internet radio anymore, but it’s not like there was absolutely nothing of value there.
For “every station can just make their own site” sure, but look at the state of streaming services to see how that ends up panning out. Not to mention the difficulty and ongoing costs associated with that, especially back then, much less plug and play stuff.
Not saying I support Cuban, he’s definitely part of the class that constantly exploits us, just had some specific critiques lol.
I actually hadn’t heard of iheartradio before, but after checking it out, it seems like as you mentioned it’s as much a podcasting/music streaming site as it is a radio network. And even then, it looks like it’s the biggest “internet radio” company in the US with a market cap of $250 million. Mark Cuban’s internet radio company was sold for $5.7 billion in 1999… which would be over $10 billion today. So I’m standing by my original statement that he absolutely fleeced Yahoo.
In 2021 at its height it was valued at almost 5b, yeah it’s nose dived a LOT.
I didn’t know how much broadcast.com was bought for tho, that is pretty nuts.