First Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) reported an upcoming 20-for-1 stock split , and now Amazon is following suit. Though a stock split does little to affect ownership of a company (save for some psychological effects when investors view a smaller share price), the news has nevertheless captured plenty of headlines.
A much bigger shred of news coming from Google has been all but buried by the upcoming stock split: Alphabet is acquiring cybersecurity platform Mandiant (NASDAQ: MNDT) for $5.4 billion, which it will add to its Google Cloud segment. Given the fast and steadily rising cost of cybercrime, this is a really big deal.
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For further details see:
Alphabet Is Betting Big on Cybersecurity -- What It Means for Investors