Google to Sell Off $4 Billion Shares

As Google's, GOOG, shares continue to drop in value, reports come this morning that Google plans to sell $4 billion of stock.

Internet search company Google Inc. on Thursday filed with regulators to sell up to 14.16 million shares of class A common stock, which would be worth $4.04 billion based on last night's closing prices.

Its shares fell as much as 4 percent in preopening trade on Inet after it announced the news.

There is a forum thread on this topic at WebmasterWorld.