3 ms·

dpark, other than maybe voting rights, isn't it the same as if Google doubled their Goog shares?

• sukuriant 15y ago
  Which is common with splits. What confused me is the creation of a new stock symbol; and that's why I asked the question..
• dpark 15y ago
  Yes. Aside from voting rights, it's exactly that. It's hard to predict what the market will do in the face of the voting rights issue, though. Berkshire Hathaway has a similar split between A and B stock, but they have an automated process in place to keep the prices in parity that involves converting A stock into B stock. They don't actually handle about the reverse, so B stock can indeed trade under parity. It's lower price (~1/30th of A stock, typically) means a greater demand, though, since relatively few people are buying A stock at $120k.