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SoylentNews is people

posted by on Thursday February 16 2017, @06:20AM   Printer-friendly
from the the-wizard-of-omaha-is-never-wrong dept.

When Buffet speaks, people listen:

Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead.

The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.

Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.

Yes, but is he still long on Big Cola?


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  • (Score: 1, Interesting) by Anonymous Coward on Thursday February 16 2017, @10:29AM

    by Anonymous Coward on Thursday February 16 2017, @10:29AM (#467751)

    Most stores, including small businesses? And security cameras by themselves do not matter; what matters is whether or not they use facial recognition technology. If most stores are using facial recognition, then maybe everyone should wear full face hijabs or masks.

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