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As Amazon flirts with $1,000/share, shareholder questions Jeff Bezos about stock split

publish 2022-04-27,browse 4
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The Method-2 robot’s arms stretch wide with Amazon’s billionaire founder, Jeff Bezos, at the controls. (Jeff Bezos via Twitter)Amazon stock is close to hitting $1,000 per share for the first time, another indication of the e-commerce giant’s growing strength.As Amazon trumpeted its 2016 accomplishments at its annual shareholder meeting this week, the company’s stock was surging and on Thursday came within a hair of passing the $1,000 per share threshold. It has sat in the mid $990s throughout the morning Friday.All this momentum apparently had shareholders thinking about stock splits —issuing more shares to stock owners in proportion to their current holdings. At the meeting, a shareholder of more than 20 years asked CEO Jeff Bezos if the company is considering splitting its stock to give middle class people and younger investors just starting out a chance to buy. Bezos’ answer: not right now.

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