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On the Facebook stock split date, the price of your FB shares may change, but the split won't affect the value of your Facebook stock.
It's true, though, the new shares you receive in the 3-for-1 Facebook stock split won't hold any voting power. But according to the Los Angeles Times, Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg owned 60% of the voting power before he proposed the stock split.
That means he already held the deciding vote on all matters before the split was announced.
The proposed vote passed on June 20, but an official Facebook stock split date has not been set.
Still, our readers want to prepare themselves and have been asking us what the split will look like on the Facebook stock split date.
Here's what to expect...
On the Facebook Stock Split Date, Here's What Will Happen
You will receive three shares of FB stock for every one share of FB stock you own. The price of Facebook stock will be different, but the value of your FB stock will remain the same.
For example, the Facebook stock price opened at $130.09 this morning. If the Facebook stock split date was tomorrow, investors would receive three shares of FB stock at $43.36 per share for every one share they own.
This may cause some investors to panic when they first look at their account.
But because you have three shares, it's actually the same value as your original FB share price.
Fundamentally, nothing will change about owning Facebook stock on the Facebook stock split date.
You won't have to make any adjustments to your portfolio on the day of the split.
There's still not an official Facebook stock split date, but our readers have asked us how to play FB stock ahead of the 3-for-1 split.
Here's what you need to do ahead of the split...