Google’s long-awaited two-for-one stock split, announced nearly two years ago, has finally arrived, a development that will help cement founders Larry Page‘s and Sergey Brin’s control over the Internet search giant. In a stock split, a company increases the number of shares outstanding while lowering the price accordingly. In this instance, Google’s “Class “A” shares now trade under the GOOGL ticker symbol, while the newly created “Class C” shares trade under the GOOG symbol.
Posted on: Fri, 04 Apr 2014 15:00:01 +0000
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