how many reviews on amazon are fake
E-commerce giant Amazon.com, Inc. (AMZN) announced on Wednesday, March 9, that its board of directors had authorized a 20-for-one stock split and $10 billion buyback. The split is the Seattle-based company's first since 1999 and its fourth since going public in 1997. The stock split takes effect at the close of business on June 3, with trading to begin on a split-adjusted basis on June 6.1 The decade-long bull market in tech stocks has seen many of the sector's most prominent names approve splits to lower their stock prices. Last year, iPhone maker Apple Inc. (AAPL) announced a four-for-one split, while electric vehicle (EV) pioneer Tesla, Inc. (TSLA) accelerated interest in its stock with a five-for-one split. More recently, Google's parent company Alphabet Inc. (GOOG) disclosed a 20-for-1 split, which takes effect from July 15. Amazon shares have gained over 4,300% since their last split on Sept. 2, 1999.
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