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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: 0) by Anonymous Coward on Thursday February 16 2017, @05:25PM

    by Anonymous Coward on Thursday February 16 2017, @05:25PM (#467886)
    Don't mistake "how it's done now by understaffed tech-incompetent police departments" for "required". Facial recognition is a solved problem these days (ask Apple and Facebook, if the feds won't answer your emails) and correlating that identity to the right transaction record is a simple query.

    The Walmarts of the world are already doing this, and if there isn't a startup out there looking to do the same as a cloud service for small shops, there probably will be soon. In the 90s we said information wants to be free. We were wrong, information wants to be monetized.