Alphabet, Google’s parent company, has announced a 20-for-1 stock split

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Alphabet, the parent company of Google, announced a 20-for-1 stock split in its quarterly earnings release, with the goal of making stock purchases more affordable.

Google relaunched as Alphabet in 2015, and its stock has more than quadrupled in the following two years. According to CNBC, it is now planning to divide its stock in order to make it more cheap for more individuals to own shares. Also WhatsApp Is Working on Message Reactions for the iPhone and Android

Alphabet shares are divided into three classes: Class A, Class B, and Class C. Prior to the formation of Alphabet, Google formed Class C, which grants owners no voting rights.

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Class A shareholders have one vote per share, but Class B shareholders, who are the founders and early investors, get ten votes per share. The new stock split is applicable to all classes of shares.

If shareholders accept the relocation, it will take place in July 2022. Each shareholder will be eligible at the close of business on July 1, 2022.

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