Warren Buffett, CEO of Berkshire Hathaway
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Warren Buffett has pulled ahead of Mark Zuckerberg in stock-market bragging rights.
Berkshire Hathaway stock has been on a roll this year, and the company on Thursday reclaimed its title as the sixth largest company by market value in the U.S. after a steep decline in Meta Platforms
‘ shares.
Berkshire’s class A shares (ticker BRK.A) were down 0.9% Thursday, to $475,159, but are up 5.5% so far this year. This values Buffett’s company at about $708 billion. Berkshire’s class B shares (BRK.B) were off 0.9%, to $316.66 Thursday.
Meta Platforms (FB), formerly Facebook, is now valued at around $677 billion, with its stock down 25%, at $242, following an earnings miss and weak guidance late Wednesday. Zuckerberg is Meta’s CEO and controlling shareholder.
In market value, Berkshire is now behind only Apple (AAPL), Microsoft (MSFT), Alphabet
(GOOG and GOOGL), Amazon.com (AMZN) and Tesla (TSLA).
Write to Andrew Bary at [email protected]
