KKTV - Economy - Headlines

Google To Split Stock Through New Class Of Stock

By: AP
By: AP

NEW YORK (AP) -- Google plans to split its stock 2-for-1 in part to preserve its leadership's voting power.

The online search leader says it's issuing a new class of stock to shareholders, but the new shares won't have any voting power. All current stockholders will get shares in the new Class C stock.

Google says the split is something investors have been asking for. In addition, employees given Google stock in the future will get the non-voting share, allowing voting power to remain with existing shareholders.

Google also says it earned $2.89 billion, or $8.75 per share, in the first quarter. That's up from $1.8 billion, or $5.51 per share, a year earlier. Excluding items, Google says it earned $10.08 per share. That's higher than the $9.66 expected by analysts polled by FactSet.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 147221195