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Here's Why Alphabet's Stock Split Doesn't Matter

TheMotleyFool

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Here's Why Alphabet's Stock Split Doesn't Matter

Online services giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company behind the powerful Google and Android brands, just announced a 20-for-1 stock split. This is the first ordinary stock split in the company's history, reducing stock prices from nearly $3,000 to approximately $150 per share.

And it's no big deal. Stock splits may sound exciting, but they don't really matter in the grand scheme of things.

Let me explain.

Source Fool.com

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