Google profits are up 37% but the stock still slides because people are worried about them not being as cautious as they were during the slower times?
Or is it just because the stock is up big time since the economy was first hit hard and now people are taking some profits for themselves off this stock.
Check out the full release here on Yahoo Finance.
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Google’s two co-founders, Larry Page and Sergey Brin, are going to cash out a large block of their company stock.
Google said Friday that Brin and Page each plan to gradually sell about 5 million shares of stock, “as part of their respective long-term strategies for individual asset diversification and liquidity,” according to a filing with the U.S. Securities and Exchange Commission.
With that sort of liquidity, Page and Brin certainly won’t have any trouble paying the light bill. Even with Google stock dropping almost $33 a share Friday to $550.01, following a strong fourth-quarter earnings report that apparently wasn’t quite as sterling as investors wanted to see, 5 million shares would be worth about $2.75 billion to each Google founder.
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Check out this article about Google and the search engines putting what you say on your Twitter or Facebook in the search results.
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