Implied Dissent

Wednesday, August 24, 2005

Occam

There are a lot of theories going around as to why Google is selling 14,259,265 shares in a secondary offering (get it? Put a 3 and a decimal at the beginning, and it's pi). Why are we ignoring the simplest one? Google management knows (ok, thinks) that their shares are very overpriced, and so now is the time to sell more.

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