Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'
Publishing timestamp: 2024-05-04 16:17:26
Summary
Warren Buffett revealed that Berkshire Hathaway sold its entire stake in Paramount at a loss, citing it as his own decision. Paramount has been struggling with declining revenue and stock performance, with potential acquisition offers on the table. Buffett's unsuccessful bet on Paramount has led him to reflect on the competitive streaming industry.
Sentiment: NEGATIVE
Keywords: berkshire hathaway inc, wall street, breaking news: business, breaking news: investing, paramount global, warren buffett, omaha, business news, stock markets, markets, investment strategy, breaking news: markets,