A glitch caused trading websites to display a near 100% loss Monday for Berkshire Hathaway shares, incorrectly displaying what would bring the conglomerate helmed by billionaire investor Warren Buffett from a market capitalization of almost $900 billion to below $1 billion.
Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose ... [+]
The New York Stock Exchange said it’s “currently investigating” the “technical issue” causing the error showing the 99.97% loss for Class A shares of Berkshire, which was halted at 9:50 ET and had yet to resume by 11 a.m.
The less expensive “baby Berkshire” Class B shares were down a far more palatable 1% in Monday trading.
Other stocks halted due to the error included Chipotle and GameStop and AMC, the latter two of whom were involved in the recent meme stock frenzy.
The cause of the glitch is not yet known.
This is a developing story and will be updated…
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