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
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: Forbes - 🏆 394. / 53 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »