Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it.
Alphabet’s path to a stock split is more difficult than it was for Apple Inc.
AAPL,
which has split its stock multiple times in the iPhone era to keep its share price low, a requirement of being in the blue-chip Dow Jones Industrial Average
DJIA,
The difficulty stems from the only other stock split in the history of the company largely known as and comprising Google.
Google’s previous split in 2014 was much different, as it was a vehicle to create a new class of stock that did not convey voting rights, an obvious ploy to maintain the control of co-founders Larry Page and Sergey Brin,…
