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Brilliant move if you ask me. The stock is sky high and this way Google has money for many years...regardless of what happens to the sector.
Even as its iconoclastic founders have thumbed their noses at Wall Street’s conventions, Google has used the stock market like an automated teller machine since its much-ballyhooed initial public offering in August 2004.
Thats one heck of an ATM, can't blame them for gettin while the gettins GOOD, only problem is nothing goes straight up and someone (peon investors) will get left holding the bag when things come down to earth. They've rolled out nothing of significance since raising all that cash.
that is seperate: this is a sale from Google, the company, not the founders or other execs. I wonder if they founders are still selling, I knwo they sold about $1 Billion each already.
I wonder if they founders are still selling
I think there are limits to the amount they're allowed to sell under stock market regulations while they're still on the board?
In any event, while they're still looking to raise cash and therefore keep the price high, board members selling off wouldn't be a good idea...
And not to mention that this AOL partnership has, and will continue, to bring a great stream of revenue. If you somehow think that Google hasn't come out with anything significant, then maybe you should take a hardlook at the forum you're browsing right now. There's a wealth of news on where they've come from and where they're going. Its only proper for them to seek more capital as they make big plans.