Amazon Board Approves 20-for-1 Stock Split, $ 10 Billion Share Repurchase

Amazon. com Inc.’s board on Wednesday approved a 20-for-1 stock split and authorized the e-commerce giant to repurchase up to $ 10 billion of the company’s common stock.

An Amazon spokeswoman said the split will make the split-adjusted share price more accessible to potential investors and will allow employees more flexibility in how they manage stock-based compensation.

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