It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Google stock split means founders will keep control Google stock split means founders will keep control
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Google stock split means founders will keep control
Thread Tools
Old 16th April 2012, 07:39   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 129,939
Stefan Mileschin Freshly Registered
Default Google stock split means founders will keep control

Google has announced a stock split which appears designed to preserve the control of co-founders Larry Page and Sergey Brin.

According to Reuters, the move, which Google's board unanimously approved, came as the search engine made more cash than the cocaine nose jobs of Wall Street predicted.

However, it also revealed a worrying 12 percent drop in search advertising rates for the second quarter in a row.

Google's corporate structure, gives the founders majority voting control of the company. But the stock split makes sure that the founders' power will not be diluted over the long term.

Page completed his second year in the chief executive's seat. It was a year which saw him write a cheque for $12.5 billion to take over Motorola Mobility. Less successful was his social network that competes with Facebook.

Google made $2.89 billion which was up from $1.80 billion in the same period last year.

Google executives did not talk about the Motorola deal, which is expected to close in the first half of this year. Page mentioned that he was looking at long-term goals that can take years to pay off, so we might have a long wait.

One of his past bets was buying YouTube for $1.65 billion and the development of its Android mobile software.

The new stock split will give him and co-founder Sergey Brin 56.7 percent of the voting control. They had better hope that they never fall out.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Google Announces First Quarter 2012 Results and Proposal for New Class of Stock Stefan Mileschin WebNews 0 13th April 2012 08:21
All items Pirate Bay Founders Stare At Jailtime as Supreme Court Rejects Appeal Stefan Mileschin WebNews 0 2nd February 2012 07:37
Pirate Bay founders lose final appeal in Sweden, prison looms on the horizon Stefan Mileschin WebNews 0 2nd February 2012 07:28
China Hacks Google Servers, Google decides to remove content filter on jmke WebNews 0 13th January 2010 16:39
Google Stock Falls Below $300 A Share jmke WebNews 1 14th November 2008 10:56
Rumors of AMD split hit the web jmke WebNews 0 12th August 2008 12:06
Asustek Computer to Split into Three Companies jmke WebNews 0 3rd July 2007 21:54
Google To Acquire YouTube for $1.65 Billion in Stock jmke WebNews 1 10th October 2006 08:19

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 14:44.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO