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Alphabet to Split Shares 20-for-1 in July

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

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