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Old January 24, 2008, 04:49 AM
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Default Google kids lose $10 Billion

I wonder if they're smiling as broadly these days- those poor, poor fellahs

Larry and Sergey lose $10 Billion in a month





Google founders Larry Page and Sergey Brin collectively own 57,806,476 shares of Google stock. One month ago, Google's stock was trading at $710.84 -- putting Larry and Sergey's combined holdings at $41.1 billion. That'll buy you a few party planes, right? Not so fast. In the past month, Google's stock has fallen almost every day, with the biggest drop coming today. The one-day loss for Larry and Sergey? Almost $2.5 billion, bringing their total losses to $10 billion in just under a month. I guess I won't complain about the $120 I lost at the poker tables with Jason Calacanis


from ValleyWag

Last edited by Babrbarossa; January 24, 2008 at 06:06 AM.
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Old January 24, 2008, 05:21 AM
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Everyone knew the stock was overvalued, however, it wasn't as if they could sell off their 57 million shares when they were over $700 each.
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Old January 24, 2008, 07:06 AM
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Bah, that is pocket change for them.
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Old January 24, 2008, 11:39 AM
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25% of their wealth and more than the GDP of most countries- I wouldn't call it pocket change, but I'm sure it didn't take them by surprise. I would imagine that they were looking at that 41 Bill as if it were 31 Bill anyway.
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Old January 24, 2008, 03:38 PM
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I would like that 10 bill!
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Old January 24, 2008, 05:11 PM
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Quote:
Originally Posted by Babrbarossa View Post
25% of their wealth and more than the GDP of most countries- I wouldn't call it pocket change, but I'm sure it didn't take them by surprise. I would imagine that they were looking at that 41 Bill as if it were 31 Bill anyway.
Yup, yup and if there financial adviser wasn't keeping them informed then they should be fired.
Still it's a big hit but then with the market right now everything dropping it seams.
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