From:
http://www.smallcapnetwork.com/The-scoop...
Google executed their 2:1 stock split Wednesday, causing the stock to, as planned, drop 50%. Google is now broken into two symbols: the new non-voting class C shares, GOOG, and the original voting shares, GOOGL.
A major reason for a stock split is to increase liquidity and allow a wider range of investors to purchase the stock. Prior, to the split, Google was trading at over $1,000 per share. At such a high price, many investors are excluded from purchasing the stock and it buying and selling the stock was difficult. At this lower price, more consumers can invest in Google and the shares will trade more fluidly.
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There was a 2:1 split to lower the share price and make it more attractive to some investors. There was some other shenanigans Google pulled in carrying out the split, but that's another story.
they split the stock, anyone holding 1 share got another share
Google did a stock split last week. Nothing more, nothing less.
they died
I check 2 months ago and Google stocks were worth more than $1000 per share. What happened?
