Feb 9 2007
YouTube Founders Lose $30 mm
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Chad Hurley, Steve Chen, and Jawed Karim lost $15 mm today. These are the founders of youTube which got gobbled up by Google.
They received shares in Google price. A few days ago Google was $480. Today it closed around $460. What does that mean to these young millionaires? Well they lost $30 mm in the past couple of days.
Here’s the number of shares they own:
Don’t feel too sorry for them. When Google bought YouTube, Google stock was around $410. Today at $461, they’re collectively up $78 mm.
*Update (2/13/06): I’m down $200 on Google
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