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Monday, November 22, 2004

OT: Information Superhighway Robbery

Google founders Sergey Brin and Larry Page are selling off one billion dollars worth of their shares, this on the heels of the company's warning that its current growth rate "may not be sustainable". Duh, but why cash out unless you want to reinforce the point? Dude, ripping off your IPO investors is so 1999.

// posted by Rob @ 6:14 PM link  //  2 comments
Comments:
They did make half their employees millionaires overnight, so I think they’ve done their good deed...
# posted by Blogger Richard : 11/23/2004 10:23:00 AM
 
Google's growth rate is unsustainable ipso facto -- unless you think the company will have a trillion dollars of revenue ten years hence. (Disclaimer -- I work for Google.)
# posted by Blogger Floyd : 11/23/2004 02:33:00 PM
 

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