Alphabet Buries Another Math Joke in Latest Share Buyback
Other Bets: The State of Alphabet's Moonshots
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Alphabet Inc. is getting serious about reining in spending, but the math whizzes who run the company are still playing games when it comes to some big financial decisions.
The internet search giant buried a math game in its share buyback announcement on Thursday. Google’s parent company said it will repurchase $7,019,340,976.83 worth of its Class C stock. That amount comes from the number of letters in the alphabet (Alphabet Inc., get it?) and "e," an important mathematical constant that equals 2.71828.