OpenMedia

Stop the Secrecy

The Verge: Guy who profited off of net neutrality wants to destroy it

Fri, 11/28/2014 - 15:30 -- Eva Prkachin

Apparently, already being a billionaire isn't enough

Article by Ben Popper for The Verge

Over the last few weeks, billionaire and former tech executive Mark Cuban has become increasingly vocal on the subject of net neutrality. In an interview with The Washington Post yesterday, Cuban said that he was in favor of creating "fast lanes" on the internet that would ensure the quality of certain services. He’s a man who has always had plenty of opinions, and he’s certainly entitled to them, but in this case, it’s worth pointing out what a hypocrite he sounds like, pushing a position that would have been a death blow to the very startup that made him so rich in the first place.

The bulk of Mr. Cuban’s wealth comes from the sale of a company he created,Broadcast.com. How did he build that company? To quote Wikipedia:

In 1995, Cuban and fellow Indiana University alumnus Todd Wagner started Audionet, combining their mutual interest in Indiana Hoosier college basketball and webcasting. With a single server and an ISDN line, Audionet became Broadcast.com in 1998. By 1999,Broadcast.com had grown to 330 employees and $13.5 million in revenue for the second quarter. In 1999, during the dot com boom, Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock.

- Read more at The Verge