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Mark Cuban Tweets That Someone Will Buy Netflix

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Mark Cuban Tweets That Someone Will Buy Netflix
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Dallas Maverick owner and technology entrepreneur Mark Cuban tweeted on Friday that he is buying shares of Netflix, Inc. (NASDAQ: NFLX).

Cuban noted that shares of Netflix's market cap of approximately $21 billion is nearly half the size of Yahoo! Inc.'s (NASDAQ: YHOO) $39 billion and trails Twitter Inc's (NYSE: TWTR) valuation by nearly $10 billion.

Shares of Netflix lost more than 20 percent of its value since it reported disappointing third quarter results and cautious commentary for the coming quarters. Cuban's tweet also expressed his view that Netflix is a prime takeover candidate.

Posted-In: Mark Cuban Netflix twitter Yahoo!News Best of Benzinga

 

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