Even Drudge is crowing and FuckedGoogle is swearing like a sailor at a strip bar — the SF Chronicle says a whopping $500 million of California's $4-billion tax income spike for 2005 came from Google insider stock sales. Of course, a big chunk of that comes from Larry and Sergey, who dumped almost $3 billion in Google stock last year.

Of course, this year the stock sales keep coming. The last six months saw another big chunk (over 8%) of Google insider stock sold.

When's the last time this happened in a California tech company? Wasn't it during Cisco's golden days in 2000, when employees (and some of their families) were dropping stock like crazy? And then the stock tanked, dropping from over 100 to under 20 by mid-2001?

But hey, that won't happen again! There's no bubble! No bubble! (Just keep shouting it!)

Drudge Report [Official site]
Google's April surprise for state [SF Chron]
Google insider selling so massive it makes the Drudge Report [FuckedGoogle]