p2pnet - rss feed: Google share sale starts today
p2p news / p2pnet:- Today, Google starts touting 14 million shares at $295 per, more than three times the price of its initial public offering last year.
The sale is set to raise $4.18bn (£2.3bn),” says the BBC.
Although “it has given no firm details of how it plans to use the money” the proceeds will “partly be used to help fund possible acquisitions,” says the story, adding that commentators have suggested “Google may use the cash to gain a stronger foothold in China, following a move by internet rival Yahoo to take a 40% stake in Chinese auction website Alibaba.com”.
Yahoo paid $1 billion for a 40% interest in Alibaba.com and ex-US president Bill Clinton was recently in Communist China on Yahoo’s behest to speak on international human rights obligations, with Aliba as the host.
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See:-
BBC - Google offers new stock at $295, September 15, 2005
Yahoo’s behest - China is OK, says Clinton, September 12, 2005
September 15th, 2005 at 3:42 pm
As an expert economist and financial analyst, I can tell you one thing is certain. Something doesn’t smell right.
I have a saying:
“If it walks like a duck, and it quacks like a duck, but it has FOUR legs…. No matter what wishful thinking, it is NOT a duck!”
This enormous need to ‘raise’ capital is quite suspicious… but then, it could just be me…
September 15th, 2005 at 4:23 pm
Does’nt anyone remember the last IT meltdown on the Nasdaq. The bubble burst and it cost a good many people a lot of money. Pensions funds got murdered and it cost a lot of decent people their life savings. Google is not worth what they floating the company. I can only predict tears…..
September 17th, 2005 at 3:07 am
tears and a few gunshots, as people either a) shoot other people, or b) commit suicide. The thing with these boom and crashes, is that while it makes the elite filthy rich, it makes the rest poorer. What people don’t realize is that these market (stocks, bonds, real estate, tulip bulbs, whatever) crashes are actually a result of manipulations.
Look into “money changers”… either Google or Baidu it. I guarantee you’ll find it very enlightening. Tell your friends about it so they won’t fall into the same trap.
September 18th, 2005 at 1:31 pm
What exactly is so negative about this? Google has been a huge profiteer for a long time now, why would they suddenly become challenged by well.. anyone?
They have the best search engine of them all, and have even created the term “to Google something”. They have one of the cleanest and most wide spread advertising-programs (adsense) and makes HUGE money with all the advertising money that their searches give out.
They are also a quickly expanding company, showing off “Google Earth” and “Google Messenger” (both looking quite promising).
So can anyone tell me why Google all of a sudden should begin _losing_ money? As far as i can tell (no, I have no real knowledge of economics) Google is doing fine, and it doesn’t seem like it’s going any other way in the future either.
September 18th, 2005 at 3:41 pm
Think bubble…. Tech bubble, internet bubble, real estate bubble, credit bubble, deficit bubble, etc.
All of these bubbles are interconnected. Pop one, and they all pop!