from24/7 Wall St.
2 days agoNancy Pelosi Buys Bullish Call Options on Amazon as Warren Buffett Walks Away
Berkshire slashed its Amazon position by 77%, continuing a pattern of reducing big tech exposure. This follows Berkshire's well-documented Apple trimming and reflects Buffett's broader cash-raising mode as the company transitions to Greg Abel's leadership. Buffett has never been comfortable with businesses he doesn't fully understand, and Amazon's sprawling empire of AWS, advertising, and retail may be too complex for his taste.
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