Comments on: Google Co-Founders Selling $5.5 Billion In Stock

By: Dennis

Dennis — Tue, 26 Jan 2010 02:39:46 +0000

Staggering math.. 5,500,000,000 Divided by 5 years = 1,100,000,000 per year Divided by 12 months = 91,666,666.66 per month Divided by two people = 45,833,333.33 a month… Forget the lottery commercial about cheese, heck it would be “I can buy all these cheese factories”

By: 1ofdakoolkidz

1ofdakoolkidz — Mon, 25 Jan 2010 19:14:38 +0000

This is all part of the SKYNET plan. They will sell off so that they can remain rich and then it will be purchased, with all information intact to the future SKYNET owners. Beware!!

By: Rakem

Rakem — Mon, 25 Jan 2010 17:13:53 +0000

@ Derrick..

I agree..Basically it will turn into another version of comcast….

But damn….5.5 Bil and they still owe 48 percent of stocks?….

If that isn’t successful I don’t know what is….

By: Derrick

Derrick — Mon, 25 Jan 2010 13:37:06 +0000

I was nervous until I read that they would still hold majority. If Google ends up in the hands of some greedy corporation who could care less about “do no evil” we could be in for some major problems given all the information they have.

I still refuse to ever get involved in cloud computing (unless I’m forced) the same way I refuse to put personal information in Google Docs. Some info is OK but I can’t have my tax information, social security, 401K info etc. I’m just not ready to put that trust into a corp yet.

By: Matt Wicker

Matt Wicker — Mon, 25 Jan 2010 07:50:56 +0000

@Jeff… I don’t think you understand how corporate financing (see “stocks”) works…

By: Jeff

Jeff — Mon, 25 Jan 2010 07:10:05 +0000

lame i’d prefer if these guys were in 100% control of google i don’t want corporate america ruining the only good company left in the world

By: Jerry

Jerry — Mon, 25 Jan 2010 01:07:00 +0000

By the time they sell off this 5billion… they might still owe more than 50% depending on how the GOOG moves..

By: Droidz

Droidz — Mon, 25 Jan 2010 00:59:54 +0000

I am not sure what you mean by “ownership”. If you mean voting power, then you are correct. They do not own 59% of Google shares because that would worth over $100 billion. I know they are rich, but not that rich. The reason is each of their share has 10 voting count. But once they are sold, each share only has 1 voting count.

Your point in the last paragraph remains correct because 48% is practically majority voting power. For the most part, they are pretty good at making sure Google as close to their “Don’t Be Evil” mantra as they possibly could.

By: Tyler

Tyler — Mon, 25 Jan 2010 00:48:08 +0000

Interesting move, I wonder what made them go that route? Although 48% is still more than enough to do whatever they want, as mentioned.