The first three months of the year might have been a challenge for Google from a public relations point of view, with politicians and state attorneys general, European regulators and ordinary users troubled by the search giant’s new privacy policy. But its financial numbers were another matter, largely rebounding from a weak fourth quarter.
Along with its quarterly results, released after the markets closed on Thursday, Google announced what would effectively be a two-for-one stock split. The split will create a new class of nonvoting shares and allow the company to reward its employees with stock without diluting existing shareholders. It is the first time Google, which went public in 2004, has split its shares.
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