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Re: Porgie Tirebiter post# 266

Tuesday, 04/11/2017 3:21:48 PM

Tuesday, April 11, 2017 3:21:48 PM

Post# of 578
"Berkshire lost up to $58.5 million after United debacle"

"Berkshire Hathaway, the largest owner of United Continental Holdings shares, lost up to $58.5 million as the stock fell on Tuesday.

That's a lot of money for most of us, but not for Warren Buffett, Berkshire's chairman, who is worth $75 billion according to Bloomberg.

Berkshire owns 28.9 million United shares, or about 9% of all outstanding shares, according to Bloomberg. As of Monday's close, that stake was worth $2.07 billion.

United's shares fell by up to 4% as a video filmed on Sunday showing a passenger being dragged off one of the airline's flights went viral. The airline had offered $1,000 to make room for crew members after the flight was overbooked. David Dao, 69, refused to give up his seat and was removed."

http://finance.yahoo.com/news/warren-buffetts-berkshire-hathaway-lost-185500231.html

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