Each share will be valued at $137 instead of $2,750. 🤓 engineering
. The stock split will effectively lower the price of each Alphabet stock, making it more affordable to investors, a company spokesperson said.
Stock splits are not new in the tech industry and not even rare events. In the past few years, names such as Tesla, Apple, and Nvidia have announced stock splits but nothing has matched what Alphabet plans to offer. According to both Apple and Nvidia had announced a four-to-one split, which means that each shareholder of the company's shares received three more shares, without affecting their holding value.
A split is usually done when the stock price of a company rises tremendously. The split essentially reduces the value of each share but since the additional stock is issued to the owner does not dilute their holding. In Alphabet's case, the value of each stock is expected to reduce from the $2,750 that it is currently at to about $137, CNBC reported.
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