Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Co-Founder Sergey Brin Sells Google Shares

Google may have missed its last earnings, but it has huge plans

Gov. Brown Signs Legislation At Google HQ That Allows Testing Of Autonomous Vehicles

Google co-founder Sergey Brin sold 33, 332 shares of Google at an average of $562 for a total of $18, 743, 916, as reported by the Legacy.

Of analysts who cover the stock, 27 have a Buy rating, 11 have a Hold rating and one has a Strong Buy. In its January earnings report, Google missed earnings estimates by 24 cents, and its revenues came in at $14.50 compared to estimates of $18.48.

This week at the Mobile World Congress, Google management announced it would launch a wireless phone service in the coming months, as reported by Seeking Alpha. Some project that Google may take market share, even though it is entering a very competitive market. It hasn’t named a network, but it has deals with Sprint and T-Mobile.

Google, along with Facebook, has invested in research and innovative strategies to make the internet available in remote places. Its project Loon will bring internet access to new users through balloons. It has also invested in Solar City’s fund that will expand the reach of solar power. Google donated $300 million to a project that may bring solar energy to 11 states.

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement