Berkshire Hathaway Inc
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Financials : Diversified Financial Services | Large Cap Growth
Company profile

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including shared aircraft ownership programs, aviation pilot training, electronic components distribution and various retailing businesses, including automobile dealerships and furniture leasing.


Last Trade
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10.76 (4.02%)
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'God is getting just' as Robinhood app unravels, says Charlie Munger

9:29 am ET May 1, 2022 (MarketWatch)

Berkshire Hathaway Inc. (BRKA)(BRKA) Vice Chairman Charlie Munger on Saturday said the Robinhood trading app was "unraveling" after engaging in practices he labeled "disgusting." "Look what happened to Robinhood from its peak to its trough," Munger said at Berkshire's annual meeting. "Wasn't that pretty obvious that something like that was going to happen." Munger, who has previously blasted Robinhood Markets Inc. (HOOD), saying it encouraged a casino-like approach to investing, on Saturday criticized what he called the platform's "short-term gambling and big commissions and hidden kickbacks and so on." Robinhood fired back. "It is tiresome witnessing Mr. Munger mischaracterize a platform and customer base he knows nothing about. He should just say what he really means: unless you look, think, and act like him, you cannot and should not be an investor," said Jacqueline Ortiz Ramsay, Robinhood's head of public policy communications, in a statement. Robinhood shares have dropped 86% from their August closing high. "Now it's unraveling. God is getting just," Munger said.

-William Watts


(END) Dow Jones Newswires

May 01, 2022 09:29 ET (13:29 GMT)

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