While Cuban has mostly been plowing money into an exchange-traded fund, he's also scooping up shares of Live Nation Entertainment, a curious choice considering the business it's in.
Amid the stock market turmoil that has wiped out essentially all of the gains made during Donald Trump's presidency, billionaire investor Mark Cuban says he's a buyer — and one of his stock picks is especially unusual.appeared on CNBC by phone Wednesday to say he's investing up to 1.5 percent of his available cash into stocks on each day markets go lower, which has been the case most days in the past month due to the coronavirus emergency.
As its name implies, Live Nation produces, promotes, provides ticketing for and owns live shows and venues across the globe, including Ticketmaster and The House of Blues. In its latest fiscal year its revenue grew 7 percent to $11 billion, though it is expected to take a major hit this year with concerts, sporting events and other shows canceled or postponed worldwide.
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