Stock-split fever has swept through the investing world this year, fueled in part by Amazon's (NASDAQ: AMZN) recent 20-for-1 split and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) upcoming 20-for-1 split.
EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcing them could be an issue due to regulators' limited resources. In addition to the rules known as the Digital Markets Act (DMA), lawmakers also approved the Digital Services Act (DSA), which requires online platforms to do more to police the internet for illegal content.
Less than two weeks remain before Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) conducts a 20-for-1 stock split on July 15. The idea behind doing so is that Alphabet's shares could jump if the lower price attracts an influx of small investors. Alphabet is performing worse than the S&P, with its shares sinking around 25% year to date.