Where did all the money go?

As Google's price has stabilized after a large run up in the last two months, this stock's history is reminiscent of many other internet stocks from years ago. As the stocks become overvalued, insiders sell their stakes and create vast fortunes for themselves, as expected for people who have worked and created this company. Other people making money include those who invested early after the initial offering. If a stock goes up steadily and keeps the trajectory as the company delivers good news over time, this situation would benefit everybody. In the past, stocks that have risen dramatically have left late investors holding large losses.