Amazon just announced a 20 for 1 split. That makes the stock much more affordable in smaller IRAs and 401(K)s. Smart move -- drives deeper retail investing level account-penetration.
The company also authorized another large tranche of stock buy-backs. . . thus also driving up scarcity for the shares. Sweet.
In response, after NASDAQ close, the stock is up over eight per cent tonight. Cool.
But really, I write to applaud the moral stance it took at AWS, just a year ago -- in shutting Parler off (last iteration, during the insurrection and sedition -- by these Tangerine folks, now getting five- and ten year federal jail sentences). And I applaud the moves to address union organizers' concerns -- offering something finally approaching real, sustainable living wages and schedules to the drivers and warehouse workers. Good on 'ya.
And thanks for the additional dough, y'all. [Even if I don't love. . . Bezos' privatized near-space junk.] Grin.
नमस्ते
Wednesday, March 9, 2022
Mid-Week Adminis-Trivia: Amazon... Has Been Very Kind To My Portfolio -- Financial, And Philosphical -- In The Past Year, Or So. Grin.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment