Friday, October 06, 2006

Live Blogging from ONA -- Mark Cuban

Mark Cuban explains the site saying "We just present the facts." Financial industry don't think there is anything wrong with Cuban selling short based on the investigation. Cuban claims the info will be the same whether he makes money off the site or not. Bloomberg news reporter who worked for a hedge-fund for years and says that what Cuban did, "wouldn't pass the smell test." If you advance trade on a research report, there is nothing wrong with that. Acting on the information in advance is okay, according to Cuban, because he isn't charging for the news. If its a research site for your own personal business and you can read it openly, then he says the transparency is the protection of the journalistic merit of the work.

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