US Market Technical Glitch
Suddenly something happened in the US stock market that the shares of Berkshire Hathaway, the company of Warren Buffett, company of Warren Buffett, were among the top 10 billionaires in the world. Seeing it broke up to 99 percent.
The stock exchanges including investors were also surprised to see this. After this, the trading of this stock was stopped in a hurry. Let’s understand what is the whole matter?
Warren Buffett’s shares fell by 99%
Billionaire Warren Buffett’s company Berkshire Hathaway is a giant American company, and its shares fall in the Class-A category. Buffet has a 38 percent majority stake in the company. On Monday, the stock suddenly started falling during trading and it fell by 99 percent i a short time. In this case, the New York Stock Exchange says that trading in this stock has been stopped.
ALSO CHECK: Gold and Silver Price Today June 4: Today’s gold and silver prices in your cities.
NY Exchange said-Technical glitch
In this case, the New York Stock Exchange has termed it a technical glitch. It is investigating the technical issue related to the upper and lower limits of the stock. According to the report, this kind of technical glitch has been seen for the second time in a week and not only Warren Buffett’s company Berkshire Hathaway, but similar problems were also faced in the stock of Barrick Gold and Nuscale Power.
Berkshire Hathaway company has the highest business in America. Its business is related to property, insurance, energy, freight rail transportation, finance, manufacturing, retailing sector. This company was started in the year 1939 and legendary investor Warren Buffett bought Berkshire Hathaway in the year 1965.
Warren Buffett is the 9th richest person in the world
It is worth noting that Warren Buffett, along with being a veteran investor, is also among the world’s top richest. According to the Bloomberg Billionaires Index, Warren Buffett’s total net worth is $138 billion and with this much wealth, he occupies the 9th position in the list of Top-10 Billionaires. In the last 24 hours, his net worth has jumped by $ 11 billion. Not only this, but Warren Buffett is also among the highest earning billionaires so far in the year 2024 and his wealth has seen an increase of $18.4 billion during this period.