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VisitBerkshire 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.
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Markets
Yes • 50%
No • 50%
Stock price data from a reliable financial market data provider like Bloomberg or Yahoo Finance
No • 50%
Yes • 50%
Official Berkshire Hathaway website or official communications from the company
No • 50%
Yes • 50%
Publicly available press releases, media interviews, or official statements from Berkshire Hathaway
Exceeds pre-glitch levels • 33%
Remains below pre-glitch levels • 33%
Recovers to pre-glitch levels • 33%
Stock price data from a reliable financial market data provider like Bloomberg or Yahoo Finance
Major impact (5% or more deviation) • 33%
No significant impact • 33%
Minor impact (less than 5% deviation) • 33%
Berkshire Hathaway's official quarterly earnings report
No action • 33%
New regulations imposed • 33%
Investigation launched • 33%
Official announcements or reports from regulatory bodies like the SEC or relevant financial authorities