Google?s Page: 2-for-1 Stock Split An Investment For The Long Term, Not Big Acquisitions

Larry Page kicked off Google's earnings call today with a run-down of his statements in the Founders' Letter and some broad brushstrokes around the company's new stock structure, which will see Google create a new class of shares, effectively a two-for-one stock split for existing shareholders. As with the company's original two-class voting structure, Page today reiterated that this new structure is a sign of the company's long-term investment in its future, but not a signal that it is planning "any big acquisitions." It is also something of a bold statement on the part of Google -- possibly to show the company's confidence in its business in the run-up to Facebook's IPO, and to give its founders more control over how Google develops in the future.

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