GOOG is trading down this morning after the company announced they are selling $4 billion in stock.. Google said, "it would use the proceeds from the sale for general corporate purposes, including working capital, capital expenditures and acquisitions of complementary businesses, technologies or other assets." So what are they going to buy? I wouldn't be surprised if we find out in a week or two... something is about to happen.
posted by crazytrader at 9:59 AM
1 Comments:
probably going to use the money to repurchase google shares sold by insiders.
insiders have already sold 4 billion dollars worth- and they intend to keep selling at the same pace.
www.fuckedgoogle.com has more info
Post a Comment
<< Home