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Edit: December earnings will be finalized by January 10th [?], in my opinion, means that December earnings will be posted on the page by 10th Jan (how could they post it there at the moment anyway, it's not the end of the month yet :)). Has nothing to do with payments whatsoever.
[edited by: Thez at 6:20 pm (utc) on Dec. 27, 2006]
By my calculations, Google made somewhere between $190-260,000 in interest from Dec. 20 to Dec. 27. So, was it worth the money to NOT pay out before Christmas?
The founders could have paid that out of 1 day's worth of interest on their billions they have. Yes, the rich do get richer... on the backs of the commoners.
The investors will say that Google has a fiduciary responsibility to maximize shareholder value. So, by their action, they have more cash, but less good will. How one values good will vs. cash vs. shareholder value is a matter for argument and conjecture.
I suppose, to somewhat balance the scales, publishers should buy some shares of Google (pretty pricey).
Think about it folks. Why do they get to keep the interest? Are we worth nothing? Do we exist just for their benefit? Sadly, a lot of rich people think that way.
Here's wishing a Happy (and more prosperous) New Year to all independent publishers.
Couldn't agree more. Or it could be 180 days like some credit-card processors insist on, or even longer.Sure they could. And think of all the money they'd be saving by having so many fewer publishers.
Do you guys stay up at night, thinking of things to complain about?Or perhaps us guys stay up at night wandering how to keep the kids in a safe home with food on the table.
[edited by: Powdork at 9:57 pm (utc) on Dec. 27, 2006]