Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program
Update: 2025-10-31
Description
Netflix announces a ten-for-one stock split, making shares more affordable and accessible. The move, set to take effect in November 2023, will give current shareholders nine extra shares for each one held. The stock price will drop to a fraction of its current value, potentially attracting new investors. The company is also amending its certificate of incorporation. Despite missing earnings per share targets due to a tax dispute, Netflix's third-quarter revenue surged, and the stock price rose after the split announcement.
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