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

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.

Amazon's acquisition strategy has become evident after

In this article BA A Boeing 737 Max is

Apple CEO Tim Cook introduces Apple Card