Netflix Announces 10-for-1 Stock Split to Benefit Employees

Netflix Inc. approved a 10-for-1 stock split to make its share price more accessible for employees who participate in the company’s stock option program.

It’s the second split in the last 10 years for the streaming industry leader, following a 7-for-1 split in July 2015. It also split 2-for-1 in 2004.