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It completed a 3-for-1 split in September 2022, which reduced its stock price to $180 (from $540 before the split). However, the stock has surged 112% since then to trade at $383 as of this writing.
Substack is an American online platform that provides publishing, payment, analytics, and design infrastructure to support subscription newsletters. [5] It allows writers to send digital newsletters directly to subscribers.
What Is a 2-for-1 Stock Split? A forward 2-for-1 stock split — sometimes expressed as 2:1 — occurs when a company doubles the number of outstanding shares and cuts the value of each share in half.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
The cybersecurity company's stock has risen by nearly 360%, which prompted management to conduct a 2-for-1 stock split on Dec. 16. While a stock split is mostly cosmetic, and doesn't change ...
Nvidia was the first top-tier AI stock to complete a forward split in 2024, with the company's historic 10-for-1 split taking effect after the close of trading on June 7.
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In September 2009, Spolsky's company, Fog Creek Software, released a beta version of the Stack Exchange 1.0 platform [1] as a way for third parties to create their own communities based on the software behind Stack Overflow, with monthly fees. [13] This white label service was not successful, with few customers and slow growing communities. [14]