Home » General World News » Google announced plans to buy back $8,589,869,056 of its stock — here’s why they chose that number (GOOG, GOOGL)

Google announced plans to buy back $8,589,869,056 of its stock — here’s why they chose that number (GOOG, GOOGL)





Sundar Pichai

  • Google announced a very specific share buyback in its earnings report.
  • The number given is a “perfect number.”
  • Google has a history of making mathematical references.

In its Q4 earnings report on Thursday, Google’s parent company Alphabet announced plans to buy back some of its stock — $8,589,869,056 of stock to be exact.

There’s a likely reason Google chose that specific value for their planned buyback: It’s what mathematicians call a “perfect number.”

Perfect numbers are whole numbers with a fun property — they are the sum of all their proper divisors, or the whole numbers that evenly divide into the original read more >>>

Source:: BusinessInsider.Com

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