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IBM loses ₹24,400 crore in valuation as Buffett drops stake
short by Mansha Mahajan / on Saturday, 6 May, 2017
Shares of tech giant IBM dropped on Friday by around 2.7%, wiping $3.8 billion (over ₹24,400 crore) from its market capitalisation. This came after billionaire Warren Buffett announced his Berkshire Hathaway, IBM's largest shareholder, has shed a third of its stake in the company. "I don't value IBM the same way that I did six years ago," Buffett said.
read more at Fortune