Google Finally Split Its Stock

Google's stock split officially went into effect on Thursday, almost exactly two years after the company first proposed the move to shareholders

As part of the stock split, Google will introduce a new category of Class C stock, which will trade under the GOOG ticker, but carries no voting power. Shareholders will receive one share of Class C stock for each share of Class A stock they own. The original Class A shares will trade under a new stock ticker, GOOGL.

See also: Google in 2014: The World Is (Almost) Its Oyster

There is also a third class of stock — Class B — which carries 10 votes per share and is largely held by Google founders Larry Page and Sergey Brin and Executive Chairman Eric Schmidt. This setup ensures that the three top executives will maintain voting control over the company even as they sell off their shares over time Read more...

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via Mashable http://ift.tt/1fzGcfx