"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."
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