Meta Platforms to Split Stock for the First Time
Groundbreaking Move Makes Shares More Accessible to Investors
A Long-Awaited Decision
Meta Platforms, formerly known as Facebook, Inc., has announced plans to split its stock for the first time since its initial public offering in 2012. The stock split will be a 3-for-1 split, meaning that for every one share of Meta stock owned, shareholders will receive three shares.
The stock split, which will take effect on March 15, 2024, is designed to make Meta's shares more accessible to retail investors. Meta's stock price has risen significantly since its IPO, making it less affordable for some individual investors.
"We believe that this stock split will make our stock more accessible to a broader range of investors," said Meta CEO Mark Zuckerberg. "We want to make sure that Meta is a company that everyone can invest in, no matter their financial means."
A Historic Moment
The stock split is a historic moment for Meta, as it has never split its stock before. Meta's previous stock price of around $360 per share has been a barrier to entry for many investors. After the stock split, the post-split price of Meta's stock is expected to be around $120 per share.
The stock split is expected to be beneficial for Meta in several ways. It will make the stock more affordable for retail investors, which could lead to increased demand for Meta's shares. The stock split could also help to boost Meta's share price, as investors often perceive stock splits as a sign of confidence in a company's future prospects.
The Meta stock split is a positive development for both Meta and its investors. The split will make Meta's shares more accessible to a wider range of investors, and it could help to boost Meta's share price. The stock split is a sign of Meta's confidence in its future, and it is a testament to the company's commitment to its shareholders.
Yahoo Finance
The Motley Fool
Komentar