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faux saint laurent bag was founded with the intention of helping people worldwide discover their unique heritage Amazon is the third major company to join the trend of coming up with share buybacks after tech majors Apple and Alphabet.
Amazon said the split will make the split-adjusted share price more accessible for potential investors and will allow employees more flexibility in how they manage stock-based compensation. Amazon has adjusted their compensation practices to retain its top notch employees in high-demand fields, such as software engineering and other corporate jobs.
Buyback, in general, is good news for investors as it shows the management's confidence in the business. It reduces the number of shares in the market, and individual ownership stakes become larger post buyback.
The current buyback will replace the existing $5 billion authorization news that was in effect. The company has already bought $2.12 billion worth of shares.
The new announcement does not mention an expiration date. It means that the buyback can happen this year, next year, or may never happen.
The $10 billion is a small number compared to the market cap of Amazon which is over $1.4 trillion. The buyback is less than 1% of its shares.
Brokerage radar
The stock split could mean a positive trigger for the stock. All analysts have maintained a 'Buy' recommendation on the shares. Most have retained their price targets. The consensus price of $4,000 per share implies a jump of more than 30% from current levels.
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The measure would allow for up to 16 online sportsbooks and in-person betting at brick-and-mortar businesses.
Jan.
9, 2022: Republican Gov.
Brian Kemp is reelected in Georgia, reducing the odds of legal sports betting arriving in the Peach State.
Oct.
Lawmakers must wait until the 2023 session to revisit legalization.
The House will have the opportunity to put the state in the position to offer legal sports betting by 2022.
The lottery goes on to generate billions of dollars for education funding.
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