Google announced its first quarter 2012 results, which include a profit increase of 61 percent, and proposed a new class of stock that would effectively implement a 2-for-1 stock split.

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Related links:

Google – Google Announces First Quarter 2012 Results and Proposal for New Class of Stock

Larry Page – 2012 Founder Letter

Search Engine Watch – Google Reports $10.65 Billion in Q1 2012 Revenue, Proposes New Class of Stock

Wall Street Journal – Google Plans Stock Split As Profit Rises 61%

CNN Money – Google’s wacky stock split gives founders more clout

Forbes – Google’s Page, Brin Making Long-Term Bets That Aren’t For the “Faint-Hearted”

Reuters – Google plans stock split; results spur relief