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Amazon Stock Split and Buyback Bonanza
Amazon has just announced that the Board of Directors has approved a 20-for-one stock split. In addition, the company has agreed to buy back approximately $10 billion worth of shares. Both these positive sources of news have sent the stock rocketing upwards after hours 7% to a price of $2,989 per share as of 4:52…
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Snapchat’s First Net Profit Ever
It continues to remain a volatile time for the markets and investors must be vigilant around inflationary pressures and rate hikes. However, Snap Inc. reported some extremely well-received Q4 earnings today. Most noteworthy of all? They made $22.6 million in net profit. While it may appear small, it is Snapchat’s first net profit ever. They…