Each Company shareholder of record at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022. Trading is expected to begin on a split-adjusted basis on June 6, 2022.”

“This split would give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest in the company,” a spokesperson said in a statement.

Amazon’s board also authorized a buyback of up to $10 billion of its common stock. The new authorization replaces a prior $5 billion buyback plan, approved in 2016. Amazon bought back $2.12 billion of its shares under that prior plan.

The company has split its stock three times before, all of them in the late 1990s, prior to the dot-com bust: a 2-for-1 split in June 1998; a 3-for-1 split in January 1999; and a 2-for-1 split in September 1999.

This split would make AMZN Shares less than $110 a share using it’s last close price which was over $2,000 a share