Stock-Split Watch: Is Meta Platforms Next?

Facebook and Instagram parent Meta Platforms (NASDAQ: META) is soaring. The stock is trading at all-time highs after rising 91% in the last 52 weeks. It also commands a beefy stock price at $565 per share. Is this " Magnificent 7" stock headed for a stock split in the near future? What's the point of a stock split, anyway? Let's start with the basics. A stock split simply changes the number of shares that represent a company's total market value. 10 million shares worth $100 each adds up to a $1 billion market capitalization. 100 million shares priced at $10 per share works out to the same market cap. Changing the ratio neither adds nor destroys value for existing shareholders. That said, stock splits aren't completely pointless.