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Google IPO Problems Surface

Posted by michael on from the here-come-the-lawsuits dept.

manavendra writes "The BBC is reporting that Google has admitted it may have breached stock market laws in the US, while CNET says Google may have run afoul of securities laws when it doled out millions of shares to employees and consultants over the past three years, according to a document filed Wednesday with the Securities and Exchange Commission."

18 of 235 comments (clear)

  1. Wow! by Anonymous Coward · · Score: 3, Funny

    A corporation breaking the law? What are the chances?

    1. Re:Wow! by base3 · · Score: 2, Funny

      Actually, pretty low, since they generally make the law (q.v. DMCA, Induce Act, et al).

      --
      One CPU cycle wasted on digital restrictions management is ONE TOO MANY.
    2. Re:Wow! by Anonymous Coward · · Score: 1, Funny

      Ahh. That would explain why Microsoft has never been brought to court, why Enron wasn't dismantled, why...oh. Yeah. That doesn't explain much at all, actually.

  2. I'd be pissed by Anonymous Coward · · Score: 3, Funny

    If they were trying to buy my options back for 1/100th of what I could get for them after the IPO.

    "Hey, remember that $2,000,000 you were counting on?"

    "Yeah, of course."

    "Well, too bad, here's $20,000, thanks for playing the IPO game."

  3. Re:Offtpoic by Anonymous Coward · · Score: 2, Funny

    Because people kept suffering retinal damage when they read stories in the IT category.

  4. Dear Google: by NealokNYU · · Score: 5, Funny
    To our friends at Google:

    SEC
    U.S. Securities & Exchange Commission Laws

    So we know they could find the laws at least... So what happened?

    --
    I'm funny. If you come see me perform, I will make you laugh.

  5. Re:Mod Parent up... by Jeremy+Erwin · · Score: 4, Funny

    There are thousands of people with 4 digit uids.

  6. Re:A warning by inkdesign · · Score: 2, Funny

    "IPO's do one thing: allow the business investors to cash out of the company."
    This sounds like the sentiment of someone who was burned in the dot-com IPO heydey in the 90s. It is typically years after an IPO before investors cash out. Good advice to wait a few years on this one though. :0]

  7. Re:Mod Parent up... by SandmanCL · · Score: 2, Funny

    Anti google folks ? THEY DON'T EXIST AT SLASHDOT !
    If they do, I'm sure their postings get banned.

  8. Re:Mod Parent up... by ximenes · · Score: 4, Funny

    I find that all I post about in the last 3-4 years is my UID.

  9. Re:Mod Parent up... by Saeed+al-Sahaf · · Score: 2, Funny
    There are thousands of people with 4 digit uids.

    9999? Someplace in that reigon? Just a wild guess.

    --
    "Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck
  10. Re:Mod Parent up... by nlindstrom · · Score: 2, Funny
    It's just not too often that i see them :)
    Brown noser.
  11. Re:Mod Parent up... by BVD · · Score: 2, Funny

    Yeah, I remember holding out for a long time, but it has been so long I forgot why I held out. Thanks.

  12. Re:Out of my price range anyhow... by RedA$$edMonkey · · Score: 1, Funny

    If they want to be sure they are way overpriced then they should just sell them on ebay.

  13. Re:Mod Parent up... by BK425 · · Score: 2, Funny

    WHO IS NUMBER ONE??

  14. Re:Mod Parent up... by meeotch · · Score: 2, Funny
    You are number six.

    mitch

  15. Re:Mod Parent up... by smcd · · Score: 3, Funny

    Shut it newbie. ;)

  16. Re:Mod Parent up... by gnu-generation-one · · Score: 2, Funny

    "Just because I was here before there was even a registration system shouldn't count for anything. Its like those people who used to think they were cool because they had really low ICQ numbers."

    Soon we'll all be able to say we were on slashdot before it started crashing all the time. Those were the days...