Save 50% on a subscription and get a free ticket to our Creator Economy Summit
About Us
Pricing
Briefing
Markets Amazon

Amazon Announces $10 Billion Share Buyback, 20-for-1 Stock Split

By Paris Martineau
· · Source: The Information

Amazon said on Wednesday that the company’s board has authorized a $10 billion share buyback plan and a 20-for-1 stock split. The buyback program is notable. Amazon had last authorized a buyback of its own stock in 2016 to the tune of $5 billion, but it hadn’t used any of it until January of this year, securities filings show. The company has now used more than $2 billion of that 2016...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Weekend Crypto AR/VR
“I Felt Like I’ve Been Taking Crazy Pills”: After a Meltdown, Crypto Pros Assess the Damage
By Jon Steinberg · May 21, 2022 8:00 AM PDT
“I Felt Like I’ve Been Taking Crazy Pills”: After a Meltdown, Crypto Pros Assess the Damage
Hi, welcome to your Weekend! Feeling numb to the latest Elon Musk scandal, I went looking for another celebrity feud to obsess over for awhile. There was no way I was wading into the toxic cesspool that is Amber vs. Johnny. And I could care less about Ted Cruz’s opinion of Pete Davidson.But the Wagatha Christie trial? Oh, my friends, this is the stuff. The case introduces us to two warring...
Latest Briefs
 
Amazon Tests Program to Deliver Goods From Shopping Malls
By Paris Martineau · May 20, 2022
Google Compromises on App Store Payments Pending Lawsuits
By Sarah Krouse · May 20, 2022
SE Asia Food Delivery and Ride Hailing Firm Grab Sees Rebound
By Shai Oster · May 20, 2022
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Apple's Tim Cook (clockwise from top left), Bob Iger, Al Gore and Mike Rockwell. Images by Bloomberg, Shutterstock. Art by Mike Sullivan.
Exclusive Facebook Apple
The Inside Story of Why Apple Bet Big on a Mixed-Reality Headset
By Wayne Ma
In 2016, Apple’s board of directors gathered inside one of its buildings in Cupertino, Calif., for a glimpse into the company’s future.
Elizabeth Spaulding, CEO of Stitch Fix. Photo by Bloomberg.
Exclusive E-commerce
How Stitch Fix Fumbled a Make-or-Break Pivot
By Malique Morris
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle.
(L-R) Jonathan Ive, Johny Srouji, Dan Riccio and Tim Cook. Photos by Bloomberg; Apple. Art by Mike Sullivan
Exclusive Apple AR/VR
Behind the Apple Design Decisions That Bogged Down Its Mixed-Reality Headset
By Wayne Ma
Apple’s executives had a critical design decision to make about the company’s riskiest product in years.
Data Point Entertainment
Netflix Cancellations Rise Among Long-Standing Subscribers
By Jessica Toonkel
Netflix is losing its grip on long-standing subscribers. New data show that people who have been subscribers to Netflix for more than three years accounted for a significantly greater share of cancellations in the first quarter than they did two years earlier.
(L-R) Cameo CEO and founder Steven Galanis, and Cameo co-founders Devon Townsend and Martin Blencowe. Photo by Getty. Art by Mike Sullivan.
Exclusive Venture Capital Startups
At Cameo, Boom Times Give Way to Sharp Sales Slowdown
By Kaya Yurieff
By the beginning of last year, six-year-old startup Cameo was on a tear. Pandemic-induced lockdowns in 2020 had spurred demand for the personalized video messages celebrities sell on its website and app.
Sundar Pichai, Mark Zuckerberg and Rupert Murdoch. Photos by AP; Bloomberg. Art by Mike Sullivan
Opinion Policy
Meta and Alphabet Should Get Used to Paying for News
By Bill Grueskin
If you’re concerned about dreadful trends in the journalism business, such as mass layoffs and private-equity takeovers, then you’ll probably like the scheme Australia devised last year to funnel funding from platforms to traditional media.