Netflix Sets November 10 Record Date for 10-for-1 Stock Split

Imagine you have one slice of pizza, and the pizza place says they'll give you nine more slices for that one slice you have.

That's kind of what Netflix is doing with its stock.

Each person who owns one share of Netflix stock on November 10th will get nine extra shares.

So, if you had one share, you'll end up with ten shares.

This happens because the company wants to make its stock price lower so more people can easily buy it.

It's like cutting a big piece of cake into smaller, easier-to-eat pieces.

The company's total value stays the same, just like the whole cake is still the same size.

After November 17th, the price for one share will be much lower, but you'll have more shares to make up for it.

This helps more people become owners of Netflix.