Facebook Stock Split: Everything You Need to Know

Facebook Stock Split: Everything You Need to Know

"Hold up. Wasn't Facebook (NASDAQ: FB) going to split its stock?"

It's a fair question. And it deserves some fresh analysis.

Facebook's stock split was approved a while ago. Indeed, it was the summer of 2016 when shareholders approved the board's proposal to split its stock and subsequently issue a new Class C stock in the form of a one-time stock dividend. The planned stock split was part of an effort to help CEO Mark Zuckerberg keep controlling voting rights as he and his wife, Dr. Priscilla Chan, embark on a journey to give away 99% of their wealth.

Continue reading

Source: Fool.com