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The stock price on that day in August 2004 was $85 per share, which was the low end of its expected $85-to-$95 range. That day, Google sold nearly 20 million shares, notching a valuation of just ...
Larry Page, cofounder of Alphabet, gained $5.3 billion to bring his total wealth to $146.4 billion on Wednesday as shares of the Google parent rose toward record highs.
Lawrence Edward Page [2] [3] [4] (born March 26, 1973) is an American businessman, computer engineer and computer scientist best known for co-founding Google with Sergey Brin.
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Many of Google's employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefited from the IPO because it owned 2.7 million shares of Google. [93] Following the company's IPO in 2004, founders Sergey Brin and Larry Page and CEO Eric Schmidt requested that their base salary be cut to $1. Subsequent offers by the ...
On August 10, 2015, Google announced plans to create a new public holding company, Alphabet Inc. Google co-founder and CEO Larry Page made this announcement in a blog post on Google's official blog. [10] Alphabet was created to restructure Google by moving subsidiaries from Google to Alphabet, thus narrowing Google's scope.
You can hardly blame Google cofounders Larry Page and Sergey Brin. Google (GOOG) was founded more than ten years ago, and at the current price of $545, the company's shares trade near a two-year high.
The Larry Page Stock Index From January 2008 to December 2012, if you bought shares in companies when Larry Page joined the board, and sold them when he left, you would have a 2.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.