⚠️📉Buffett’s personal bet on Google just lost $8.2 billion in a single day
$GOOGLB L fell 13.7% today, to $279.60. It was the worst day in its history.
Berkshire owns around 106 million Class A and Class C shares. At the end of the second quarter, that stake was worth about $37.8 billion. Now it’s worth around $29.6 billion.
And it may already be in the red. Berkshire never disclosed its purchase price, but most estimates put it between $300 and $320. At $310 per share, that would mean a paper loss of around $3.2 billion. At $300, it would be around $2.2 billion. #GOOGL #buffet
$GOOGLB L fell 13.7% today, to $279.60. It was the worst day in its history.
Berkshire owns around 106 million Class A and Class C shares. At the end of the second quarter, that stake was worth about $37.8 billion. Now it’s worth around $29.6 billion.
And it may already be in the red. Berkshire never disclosed its purchase price, but most estimates put it between $300 and $320. At $310 per share, that would mean a paper loss of around $3.2 billion. At $300, it would be around $2.2 billion. #GOOGL #buffet
