Google gets ‘appreciation note’ from the world’s biggest investor, for the first time ever in 25 years – The Times of India

Berkshire Hathaway has taken a $4.3 billion stake in Google-parent Alphabet, lifting Alphabet’s shares nearly 7% to $293.40 in after-hours trading. The purchase makes Alphabet Berkshire’s tenth-largest U.S. stock holding and marks the conglomerate’s first-ever investment in Google since the company was founded in 1998. The move surprised investors, especially as Warren Buffett has long described Apple — Berkshire’s largest holding — as a consumer products company rather than a technology bet. But the surprise didn’t end there. The recent 13F filing also showed that Berkshire has also slashed its holding in Apple. Berkshire’s Apple position was cut by almost 15%, or $10.6 billion, to around 238 million shares. Despite that Apple remains its biggest holding.

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