Warren Buffett's Berkshire Hathaway scores $1 billion gain on Snowflake stock - Business Insider

Warren Buffett's Berkshire Hathaway has scored a $1 billion gain on its Snowflake shares.

The billionaire investor's company spent about $735 million for 6.1 million Snowflake shares when the cloud-data platform went public last month.valuing Berkshire's stake at about $1.8 billion. a market capitalization of more than $80 billion, despite earning just $265 million in revenue last financial year.Warren Buffett's Berkshire Hathaway is sitting on a $1 billion gain from its Snowflake shares after they closed at a record high on Thursday.

Snowflake stock surged 18% over the course of Wednesday and Thursday to close at nearly $300 — not too far off the $319 intraday high it reached during its first day of trading last month.at the $120 IPO price. The technology company's stock price has soared almost 150% from that level, boosting the value of Berkshire's stake to $1.8 billion —an almost $1.1 billion gain on its investment.

chetanp top 10 memes of the year

This is a privilege most people won't have. This profit was made due to the fact that Berkshire participated in the IPO itself, buying the stock at a price well below what the market makers marked it to be. Sadly, nothing practical to learn from this.

Check it out! Do You Want To Create 3d Amazing Video Intro Logo Animation Video In $5 ? Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Fonte: Forbes - 🏆 394. / 53 Leggi di più »

General Motors relies on crude-oil profits to fund $20 billion EVs - 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.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Microsoft adjusts executive stock bonuses to prioritize Teams - 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. Has been great replacement for Skype.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Election investing strategy: 7 stock portfolio moves for Democratic sweep - 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. Hahahahahaha What planet are yall living on? Bad idea. He Biden just lost the Presidency run.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Stock picks to buy: Investing guru Jim Osman pinpoints 3 big winners - 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. Like to see what this is. I found Twitter and it's up for me over 1,600%. Hope to find another stock like Twitter. 🤣 this guy? He's been wrong about Aston Martin so far hope he's not short $ARGGY aston martin $AML
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

US stocks climb as traders place bets on last-minute stimulus breakthrough - 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. Why? SpeakerPelosi is clearly not interested in helping people. She just wants to play her egotistical games. If Dems keep the house, it’s time for new leadership.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »