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Berkshire Hathaway ($BRK.A) Plummets 99% in Market Glitch, $628,800 Loss

Jun 3, 2024, 02:08 PM

Berkshire Hathaway experienced a significant stock market glitch on June 3, 2024, causing the company's stock to plummet by 99%. The glitch led to widespread confusion and speculation about the financial health of Warren Buffett's conglomerate. Some tweets humorously suggested that Buffett had gone bankrupt or that Berkshire Hathaway had been 'rugged.' The glitch reportedly resulted in a $628,800 loss for the company. Despite the dramatic drop, the incident appears to be a technical error rather than an actual financial collapse. The stock, trading under the ticker $BRK.A, also saw its website criticized by investors.