Alphabet to Split Shares 20-for-1 in July

<p>Alphabet&comma; the parent company of Google&comma; reported spectacular revenues and earnings for the fourth quarter 2021 and plans to split shares of stock 20-for-1 in July&period;<&sol;p>&NewLine;<p>The stock split applies to the company&&num;8217&semi;s Class A&comma; B and C shares and will bring the price back down into the mid-&dollar;100s based on the current trading price around &dollar;2&comma;900&period;<&sol;p>&NewLine;<p>Alphabet reported revenues of &dollar;75&period;3 billion in the fourth quarter&comma; up 32&percnt; from a year ago&period; Revenues for 2021 were &dollar;257&period;6 billion&comma; up an amazing 41&percnt; from 2020&period; Net income for the year was &dollar;76&period;0 billion&period;<&sol;p>&NewLine;<p>Google remains the top destination for advertising online with &dollar;61&period;2 billion in ads in the quarter on its search network&comma; Adsense network of sites and streaming video service YouTube&period;<&sol;p>&NewLine;<p>Sundar Pichai&comma; CEO of Alphabet and Google&comma; said&colon; &OpenCurlyDoubleQuote;Our deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses&comma; across our most important products&period; Q4 sawongoing strong growth in our advertising business&comma; which helped millions of businesses thrive and find new customers&comma; a quarterly sales record for our Pixel phones despite supply constraints&comma; and our Cloud business continuing to grow strongly&period;”<&sol;p>&NewLine;<p>Ruth Porat&comma; CFO of Alphabet and Google&comma; said&colon; &OpenCurlyDoubleQuote;Our fourth quarter revenues of &dollar;75 billion&comma; up 32&percnt; year over year&comma; reflected broad-based strength in advertiser spend and strong consumer online activity&comma; as well as substantial ongoing revenue growth from Google Cloud&period; Our investments have helped us drive this growth by delivering the services that people&comma; our partners and businesses need&comma; and we continue to invest in long-term opportunities&period;”<&sol;p>&NewLine;