Jessica Guynn, writing for USA Today:
Alphabet, Google’s new parent company, announced the tech giant’s first stock buyback on Thursday: nearly $5.1 billion.
The exact dollar value that Alphabet is buying back? $5,099,019,513.59
Of course, this was not a randomly selected number. The square root of 26 (the number of letters in the alphabet) is 5.09901951359. Multiply that by $1 billion and you have the buyback amount.
Alphabet Chief Financial Officer Ruth Porat called it “fun math” during a conference call with analysts to discuss third-quarter results.
Perfectly geeky. Love it!