WTF with the $GOOG - Google stock split? Is this a "common core" stock split? Class A, B, and C shares? Old ticker. New ticker.
Blah blah blah.
I have no idea what the impact is to the price of the stock or how to assess valuation metrics. Pass. Sell and buy FB. LOL. Or ask the kids to explain it to me.
***
As of March 27, holders of Class A and Class B shares are scheduled on Tuesday after the market close to receive one new Class C share for each Google share they own.
The new Class C shares, which will have no voting rights, are set to trade under the ticker "GOOG." The Class A shares now trading under that ticker will shift to a new ticker, "GOOGL," but will stop trading before the open on June 23.
Class B shares, which are held by co-founders Larry Page and Sergey Brin and other insiders and control majority voting power, are not publicly traded and will remain unlisted.
The new Class C shares are expected to start trading April 3, according to Google. Nasdaq has a detailed rundown of the transition.
Sent from Surface Pro