Google Stock Split
What, Google announces a stock split … and the price goes down?
Down $15 as of this writing.
It appears that Google plans to issue non-voting stock going forward. The intention is to allow management to maintain control.
This is a 2-1 stock split that creates one of largest block of non-voting shares. Technically , it is a stock dividend. And there has been no date published.
Oh by the way, earnings were also announced.