Since May this year, GoogleFounders Larry Page (Larry Page) and Sergey Brin (Sergey Brin) sold some of their shares and cashed out more than $1 billion. Since May, the two founders have sold Class An and C shares, worth more than $1.07 billion. Brin cashed out more than $610 million and Page more than $462 million. Both founders sold according to pre-submitted deal plans. The two founders also sold shares in 2017.
The share price of Google's parent company Alphabet has performed well this year, with Class A shares up more than 50% so far, outperforming Nasdaq.Index, better than Amazon, AppleIt's better to wait for a giant.
Page and Brin founded Google in 1998, and they are still members of Alphabet's board of directors and own a significant number of shares in the company. For the special shares that have the right to vote in Alphabet, the two men control 51%.
Now the two men have retired from their leadership positions and kept a low profile. According to reports, Google opened its first retail store in New York a few days ago, when Brin visited. During the outbreak, Page spent a lot of time on a yacht in the Fiji Islands.