Jada Pinkett Smith has spoken. Two days after husband Will Smith shockingly confronted Chris Rock live onstage at the 2022 Oscars, slapping him in the face over a joke the comedian made about Jada's shaved head, the 50-year-old actress has a message for her fans. «This is a season for healing,» she posted to Instagram on Tuesday, «and I'm here for it.» Jada's message comes on the heels of Will's apologetic statement issued Monday night, in which he told the public, «Violence in all of its forms is poisonous and destructive.»«My behavior at last night's Academy Awards was unacceptable and inexcusable. Jokes at my expense are a part of the job, but a joke about Jada's medical condition was too much for me to bear and I reacted emotionally,» the star explained, referencing Jada's struggle with alopecia. A post shared by Jada Pinkett Smith (@jadapinkettsmith)The 53-year-old actor proceeded to issue Chris a direct apology, something he notably did not do when he addressed the audience at the Academy Awards to accept the Oscar for Best Actor. «I would like to publicly apologize to you, Chris,» he wrote.
Amazon Shares Rise After Company Announces 20-For-1 Stock Split, $10B Buyback
10.03.2022 - 01:45 / deadline.com
Amazon stock rose 7% in after-hours trading after the tech company announced a 20-for-1 stock split and a $10 billion share buyback authorization.
The stock finished the regular trading day at $2,785.58, up almost 3% in a stellar session across the board for Wall Street. Shares in the company have been comfortably above $3,000 throughout 2021 before slumping this year along with those of many other tech firms. They have risen more than tenfold over the past decade, making Amazon one of the world’s most valuable companies, with a market capitalization north of $1.4 billion.
A stock split reduces the share price and boosts liquidity, but it does not change the value of the company. Amazon’s new price point will make individual shares more affordable, and founder and executive chairman Jeff Bezos often included mentions of individual retail investors reaping small fortunes from their Amazon stock in his letters to investors. Some companies, notably Warren Buffett’s Berkshire Hathaway, have resisted splits, though Berkshire did pull off a 50-to-1 split in 2010. Its Class A shares trade above $400,000 apiece, though it has Class B stock in the $300 range.
Buybacks are generally an encouraging sign for investors, who see the reinvestment maneuver as an indication that senior management believes in the growth potential of the stock. In some cases, a fixation on buybacks at the expense of potential M&A transactions or other uses of capital can end up backfiring on companies. In Amazon’s case, the boosted share repurchase plan doubles the value of a $5 billion buyback authorization put in place in 2016. Of that allocation, the company had repurchased about $2.12 billion of its shares, according to an SEC filing.
The stock split and
Oscars 2022 live: ‘Embarrassed’ Will Smith apologises to Chris Rock after ‘formal review’ launched into slap
LIVE – Updated at 00:50This year’s Oscars featured shocks, sighs and surprises – but all anyone will care about is a slap. The Academy Awards took place on Sunday night, with films including The Power of the Dog, West Side Story, Licorice Pizza and Coda battling it out in the big categories. The biggest story of the night had almost nothing to do with the awards: a shocking altercation between Will Smith and Chris Rock sparked by a joke about Smith’s wife Jada.
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