"Feb. 7 (Bloomberg) -- YouTube Inc. founders and investors may reap as much as $1.53 billion selling Google Inc. stock they received when the video-sharing Web site was bought last year.
YouTube investors and executives including co-founders Chad Hurley and Steve Chen registered to sell 3.23 million shares, Mountain View, California-based Google said today in a filing with the U.S. Securities and Exchange Commission.
Google bought San Bruno, California-based YouTube for $1.65 billion in November to tap the market for online video advertising. Hurley and Chen, who founded YouTube in February 2005, may each sell shares worth about $326.2 million as of today's closing price. Sequoia Capital, YouTube's largest investor, may sell shares worth $504.4 million. "
YouTube investors and executives including co-founders Chad Hurley and Steve Chen registered to sell 3.23 million shares, Mountain View, California-based Google said today in a filing with the U.S. Securities and Exchange Commission.
Google bought San Bruno, California-based YouTube for $1.65 billion in November to tap the market for online video advertising. Hurley and Chen, who founded YouTube in February 2005, may each sell shares worth about $326.2 million as of today's closing price. Sequoia Capital, YouTube's largest investor, may sell shares worth $504.4 million. "
Very logical, who need to own these over hyped stocks, but why do not you like to wait until 600 bucks, all your Friends from the Wall Street screaming Buy and putting Price Targets on Google around 600. Do you know something better then them? Or it is all way back to 2000 "hype the staff why we are selling"?
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