Amazon has announced a 20-1 stock split. Here's everything you need to know

On Wednesday evening, Amazon announced that it would split its stock at a 20 to 1 ratio 

A 20-1 stock split means that each share of Amazon today will turn into 20 shares

amazon also announced a $10 billion share repurchase program during the same news announcement

A stock split doesn't change what percentage of a company one owns.

amazon did this three Times In the ’90s as its shares ran up during the dotcom boom 

 It helps companies gain liquidity and splits can create more demand for a company's stock.

This split would give our employees more flexibility in how they manage their equity in Amazon