Ever since the June 20, 2016, vote to approve the 3-for-1 FB stock split passed, CEO Mark Zuckerberg has not provided updates about the process. FB shareholders still have no idea when to expect the Facebook stock split date.
So as of right now, it doesn't appear the Facebook stock split will happen in 2017.
And there's one major reason why it could be delayed until 2018...
Why the Facebook Stock Split Date Is Taking So Long
Similar to Facebook, Alphabet Inc. (Nasdaq: GOOGL) co-founders Larry Page and Sergey Brin proposed a 2-for-1 stock split on April 2, 2012.
The split was designed to give the co-founders the majority voting rights.
According to a letter sent to shareholders, the duo wanted to prevent activist investors from influencing the company. That's because activists are known for wanting to quickly turn a profit and encourage CEOs to cut funding to research and development projects that are currently unprofitable.
However, some shareholders weren't happy...
After the letter, shareholders came together and sued Google in April 2012. The lawsuit was eventually settled, but that wasn't until 14 months later in June 2013.
That delayed the Google stock split until April 3, 2014, which means it took almost exactly two years for the split to happen from when it was proposed.
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And just like Google, Facebook was sued on April 30, 2016, by a shareholder over the proposed stock split. The lawsuit alleges Facebook shareholders won't benefit from the split in any way. If it takes as much time as Google's lawsuit to settle, the FB stock split may not happen until 2018.
But the lawsuit isn't what Money Morning readers should focus on.
We're focusing on the profit opportunity from Facebook and not the inevitable 3-for-1 stock split.
Here's our bold, double-digit growth prediction for the Facebook stock price...