When I read news like this, I just have to ask myself: When does a company grow out of their original vision and become a giant, fire breathing monster? I enjoy many of Google’s products as much as the next guy. But I often wonder if there is such a thing as ‘too big’?

SAN FRANCISCO – Google plans to sell an additional 5.3 million shares of its prized stock, hoping to raise more than $2 billion to finance its ambitious plan to expand beyond its Internet-leading search engine.

The move comes just two days before Google’s closely watched stock will be added to the Standard & Poor’s 500 index – a breakthrough that snapped the company’s shares out of a recent funk and presented management with an opportunity to capitalize on the surging demand.

In a Securities and Exchange Commission filing late yesterday, Google said it expects to sell the 5.3 million shares primarily to index funds who must own a stake in the company because it is now in the S&P 500. Google’s market value has climbed by more than 15 percent since Standard & Poor’s said it would include the company’s stock in the blue-chip bellwether. Source: SignOn San Diego

[tags]standard & poor,google’s products,securities and exchange commission,company stock[/tags]