Alphabet Inc (NASDAQ: GOOGL) announced on Tuesday, February 3rd, that its board greenlit the company's decision to go ahead with a 20-for-1 stock split. The announcement came as part of Alphabet's quarterly earnings statement, where the company posted 32% revenue growth as part of a record year. According to Alphabet, its stock split initiative provides an opportunity to interested buyers at a lower price. As Alphabet's chief financial officer Ruth Porat said in a media session: