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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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Warren Buffett Drops Walmart -- Signals Death of Retail as we know it
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In the Halls of Justice the only justice is in the halls.
-- Lenny Bruce
(Score: -1, Troll) by Anonymous Coward on Thursday February 16 2017, @11:05PM
By the time Wal-Mart built all the transgender washrooms required by Obama's LGBT regulations, they had to mark up prices so much they just can't compete with Amazon. Buffett agrees: men's room for men, ladies' room for women... that's the way God intended it to be.