The founders of Google sold shares worth more than a billion dollars

01.08.2021. / 14:00

MOUNTAIN VIEW – Founders of Google and co-owners of Alphabet Larry Page and Sergey Brin have sold shares worth more than $ 1 billion since May this year.

FOTO: Pixabay

Page sold shares worth $ 462 million, while Brin sold shares worth $ 610 million. Both sell shares according to a pre-determined stock trading plan. The stock was last sold in 2017 when the last trading plan expired.

Alphabet shares have been well listed on the stock exchanges this year. The value of Class A shares increased by 50 percent compared to last year and exceeded the value of Amazon and Apple shares. The company said on July 29 that they had high revenues and earnings in the second quarter of this year.

He resigned from the position of CEO of Alphabet, which is owned by Google, at the end of 2019. At that time, Sundar Pichai was elected CEO of Google. At the same time, Brin resigned as director of Alphabet.

The duo was founded by Google in 1998. They are other members of the company’s management and have a majority stake in controlling 51 percent of the shares, writes CNBC.Klix.ba


Source: Capital.ba – Informacija je capital by www.capital.ba.

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