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: 0) by Anonymous Coward on Thursday February 16 2017, @07:19PM
Amazon themselves may not give you the option (yet), but there are third-party services that will let you pay for Amazon (or other e-tailers) with bitcoin.
(Score: 2) by bob_super on Thursday February 16 2017, @08:24PM
Can I use a blockchain delivery address for my oversized gun safe?