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Why Warren Buffett's $570M Bet On Snowflake Is Rarer Than Any Unicorn | Markets Insider

by markets.businessinsider.com posted 2weeks ago 36 views
Summary List Placement Warren Buffett's Berkshire Hathaway plans to invest about $570 million into Snowflake when the cloud-data platform goes public. Berkshire is set to buy about 7 million to 7.4 million shares, giving it a roughly 2.5% stake. The bet is striking because Buffett famously sticks to businesses he understands, and has blasted IPOs as being poor value for money. "We like to buy things where nobody's making a dime selling them to us," Buffett said in an interview last year. Visit Business Insider's homepage for more stories.

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