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?
(Score: 2) by RedGreen on Friday February 17 2017, @10:36AM
"That said, how's Amazon treating you? I guess that's the gold standard these days."
Gold being the key plenty of it being needed for them. They always have the highest price most times whenever I am buying something, so me being tight SOB will go with the lowest price that means they do not get much of my business. The times I have bought from them they were reasonable enough don't like the bait and switch on the shipping. Whereby it says free shipping then you need to go through extra step at checkout to actually get it by removing the paid shipping from the total, that cost them sale couple of months ago when I first noticed it and went with another option because of that scheming.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
(Score: 2) by Wootery on Friday February 17 2017, @02:16PM
Trickery with defaults is always scummy. Looking at you, Microsoft.