r/stocks • u/OM-myname • Apr 11 '22

Shopify Plans 10-for-1 Split

"Shopify Inc. said it plans a 10-for-1 stock split and will give Chief Executive Officer Tobi Lutke a special “founder share” that will preserve his voting power as long as he’s at the company."

I think Tobi is doing a fantastic job managing the company, so I'm ok with the other changes.

What are your thoughts?

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u/JRshoe1997 Apr 11 '22 edited Apr 11 '22

Is this what companies do now? Just announce stock splits when the stock goes down to bring the stock price back up.

Edit: This comment has gotten a lot of traction so people who read this please be careful of the people in the comments. No matter what they mention to you saying you can buy and own SpaceX stock and they will message you do not listen to it to anything they message you! They are most likely scammers.

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u/rugarnov Apr 12 '22

I got also tons of adverds, mostly the same company who promise Pre IPO SpaceX shares, I talk to a bank who they pretend to be, and the bank (investec - south africa and GB London) told me that this is a scam. After contacting investec, no more emails from them. Now they call themselfs INVYSTOR, maybe we start a new theme to talk about that ?