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Google Announces Stock Split

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Google Announces Stock Split

Business

Google Announces Stock Split

Google Announces Stock Split

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  • <iframe src="https://www.npr.org/player/embed/150549179/150549168" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Google Inc. plans to split its stock 2-for-1 to preserve its leadership's control over the company. The online search leader also announced a 61 percent jump in profits for the first quarter.

RENEE MONTAGNE, HOST:

NPR's business news begins with Google bouncing back.

(SOUNDBITE OF MUSIC)

MONTAGNE: Google ended 2011 with lackluster profits and began this year with a public relations problem as users complained about its new privacy policy. But the company now seems to have rebounded. Yesterday, Google announced a 61 percent jump in its first quarter profits. And that's not all co-founders Larry Page and Sergey Brin have to smile about. The company also announced a stock split that will allow its founders to remain firmly in control of the company.

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