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The company on Monday said it didn't have any new comments on the split. In the case of Amazon, with a 20-for-1 split, investors holding one share of stock worth roughly $2,500 on Friday would have started Monday with 20 shares worth approximately $125 each.Īn Amazon spokesperson in March said the split-adjusted share price will make shares more accessible to potential investors and give employees more flexibility in how they manage their equity in the company. The company's stock reportedly closed Friday at a pre-split price of $2,447.Ī stock split doesn't directly impact the value of a company, but divides existing shares into smaller pieces. Monday marked the first time in about five years that Amazon's stock was trading in the three-digit range, reported Market Watch. In March, the retail giant announced its board had approved the the stock split and authorized a $10 billion buyback of shares. Minton also outlined alternative ways streamers could make more money without a higher revenue split, including subscriptions via Amazon Prime, gift subs and ad incentive programmes.Amazon shares were trading around $128 on Monday morning as the company's 20-for-1 stock split took effect. It is simply an expensive endeavour to deliver high definition low latency globally available video around the internet. “The other factor within that is the cost of live streaming.
You all have the hard job of creating amazing, engaging content, building communities, keeping your communities safe, and our job is to build the tools that allow you to do that while making more money. Minton explained: “We recognise we’re in this together. He went on to note that many users presume Twitch’s owner Amazon can step in to help, but said: “The thing to understand here is that Amazon expects Twitch to be able to thrive financially as an independent, sustainable business.” It simply is not viable for Twitch in the long term.” Could we do it, could we offer 70/30 widely and broadly, and the answer is no. “At the end of the day, we’re setting a framework for the long term so that you can all keep earning as long as possible and the next generation of streamers can have that same opportunity.”Īs for the split specifically, Minton commented: “We did look at all possible options.
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