Sunday, 19 August, 2018

Warren Buffett is not too anxious of a Transaction Warfare

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies Elon Musk Proposes Building A Cyborg Dragon And The Internet Is In A Frenzy
Andy Castillo | 07 May, 2018, 15:07

Following the February 14 school shooting at Marjory Stoneman Douglas High School in Parkland, Florida, Buffett told CNBC: "I don't believe in imposing my views on 370,000 employees and a million shareholders".

At Berkshire Hathaway's annual shareholder's meeting, Buffet endorsed Apple's buyback program.

"It is an unbelievable company", Buffett said in an interview with CNBC. Here are highlights of what have taken place so far: Buffett discussed earnings a bit, warning people that the new accounting rule produces some "unusual effects".

"I love the idea of having our 5 percent, or whatever it is, maybe grow to 6 or 7 percent".

Apple developers products that Buffett describes as being "extremely sticky, meaning that customers become attached to these products and in turn support Apple as a company". Berkshire is now Apple's third largest shareholder, behind Vanguard Group and BlackRock Inc.

Twitter advises its 336 million users to change their passwords
After entering your (newly revised) password to confirm that you want to make changes, you'll land on a Login verification screen. Twitter twtr CEO Jack Dorsey followed Agrawal's post by tweeting that company has "no indication of breach or misuse".

Up to Friday's close, Apple stock had risen 9.8 percent since Berkshire disclosed on February 14 that it had raised its stake in the company, Reuters noted.

Last week, Apple reported its profit in the first three months of the year stood at $13.8 billion, a 25 percent increase from the corresponding period 12 months earlier.

"We have a lot of common interests, and like any two big economic entities, there are times when there'll be tensions, but it is a win-win situation when the world trades", the investor said.

However, operating profit excluding investment and derivative gains and losses, surged 49 percent year-on-year to a record $5.29 billion.

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