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Amazon announces 20-for-1 stock split, $10 billion buyback

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March 9, 2022
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Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.
David Ryder | Bloomberg | Getty Images

Amazon on Wednesday announced that the Board of Directors has approved a 20-for-one stock split.

Shares of Amazon soared 10% in extended trading.

This is breaking news. Please check back for updates.

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