Amazon announces 20-for-1 stock split, $10 billion buyback

3 yıl önce

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

Amazon shares soared as much as 10% in extended trading on Wednesday after the company announced that the Board of Directors has approved a 20-for-1 stock split.

The company also announced it plans to buy back up to $10 billion worth of shares.

AmazonÂ joins a parade of highly-valued tech companies pulling down the price of each share through a split. Google parent Alphabet announced a 20-for-one split in February. In mid-2020, Apple disclosed plans for a four-for-one split, and Tesla told investors it was instituting a five-for-one split.

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