Warren Buffett's Berkshire Hathaway officially disclosed its stake in Snowflake on Monday, confirming it has scored a $800 million gain on its investment in the cloud-data platform.regulatory filing
. The holding represents about 2.2% of Snowflake's total outstanding shares, which include 40.4 million Class A shares and roughly 240 million Class B shares. Berkshire spent $250 million to buy about 2.1 million shares in a private placement when Snowflake went public earlier this month. It bought another 4 million shares at the IPO price of $120 from former Snowflake CEO Robert Muglia in a secondary transaction, costing it $485 million.
The upshot is Berkshire splurged $735 million on Snowflake shares that have more than doubled in value to $1.5 billion, based on Snowflake's closing share price of $250 on Monday. As a result, it has notched a $800 million gain.
Sandstorm and other gold miners and royalty companies 3rd quarter is going to get a LOT of people’s attention. It already got Warren Buffett’s. Gold prices this high. Oil this low. Cash flows are going to EXPLODE....can’t wait for this day...
These are the kind of opportunities that the wealthy get to see way before the rest get to know about.
O maluco é brabo
Au moins il place sont argent là où il le faut!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Photos: Take a look inside John Legend and Chrissy Teigen's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cheap compared to Jeff Bezos’ house. Or the 1bil$ House in India :3 And on the same day John went on TV to announce that people should move out of America because orange man bad.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Donald Trump's 8 properties, from New York to St. Martin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn I want to be like Trump!! Owns or owes on? Trump 10 yıldır hiç vergi ödemedi
Source: BusinessInsider - 🏆 729. / 51 Read more »
Warren Buffett, Berkshire back to basics with Scripps after Snowflake - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Maybe you can tutor the conmanPresident?
Source: BusinessInsider - 🏆 729. / 51 Read more »
How much YouTube pays for views: 100,000, 1 million, 150 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. But only if your videos comply with their demand that they follow YouTube's narrative.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Ray Dalio to speak at the Business Insider Global Trends Festival 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Grocery store 'pandemic pallets' are reportedly gaining popularity - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »