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Google Co-Founders Selling $5.5 Billion In Stock

Discussion in 'Android Lounge' started by phandroid, Jan 24, 2010.

  1. phandroid

    phandroid Admin News Bot
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    Larry Page and Sergey Brin – the under-40 co-founders of Google, have agreed to sell $5.5 Billion in stock over the next 5 years. They currently hold a combined 59% of shares which gives them a controlling interest of the company. They can essentially do whatever they want. But not for long. After the sale [...]

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  2. DarthSkirata

    DarthSkirata Newbie
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    Anyone have thoughts on this? I suspect they are liquidating these assets so they have funds to start up a new company to do something wicked cool.
     
  3. blinky

    blinky Well-Known Member
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    They must know that the stock is about to plummet. If I were an investor, I'd sell.
     
  4. hood420

    hood420 Android Enthusiast
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    $5.5 billion in stock over 5 years doesn't mean a whole lot. The company could increase in value by more than that over 5 years. I'm betting they'd still have a controlling share in the company even if they sold that much tomorrow, unless a single entity buys up all the remaining stock.
     
  5. ackeryi

    ackeryi Lurker
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    Good for them - we'd all love to be able to do it!
     

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