- REUTERS/Chip East
Alphabet, the new parent company that counts Google as its subsidiary, has announced that it will undertake a monster $5 billion stock buyback starting in the fourth quarter.
It’s a clever move on Google’s part – but not just because it benefits the company by giving it more control over its stock price, since it lowers the number of shares out in the market.
There’s a small Easter egg hidden in the announcement.
The exact number Google chose for its buyback is precise: $5,099,019,513.59. That number happens to be the square root of 26 times a billion- as several math-savvy Twitter users first noticed.
Twenty-six also happens to be the number of letters in the alphabet.
This isn’t the first time Google has tucked a clever math trick into its business. In 2011, when Google was bidding for Nortel Networks’ wireless patents, it offered interesting numbers, such as pi.
@lexnfx It’s the square root of 26 e18th. Those Google guys! They have so much fun with numbers.
— George Anders (@GeorgeAnders) October 22, 2015