Retail News
Warren Buffett sells $900 million in Walmart stock
Business Insider 02/15/2017Last quarter, Warren Buffett’s Berkshire Hathaway company dumped nearly 90 percent of its holdings in Walmart, diverting investments to airline and tech stocks. In commenting to Bloomberg at his shareholders’ meeting on the rise of online retail at the expense of brick and mortar, Mr. Buffett said, “It is a big, big force and it has already disrupted plenty of people, and it will disrupt more.”
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