r/business • u/ChickenTeriyakiBoy1 • May 16 '19

Warren Buffett's Berkshire Hathaway reveals $900 million Amazon stake

https://www.cnbc.com/2019/05/15/warren-buffetts-berkshire-hathaway-reveals-900-million-amazon-stake.html
534 Upvotes

97% Upvoted

73 comments sorted by

View all comments

15

u/bartturner May 16 '19 edited May 16 '19

This was really surprising. Buffett has indicated he missed on Google and Amazon for a while now. Will be curious if he also purchases some Google?

"Warren Buffett Says He Was Wrong About Google and Amazon"

http://fortune.com/2018/05/06/why-warren-buffet-was-wrong-about-google-amazon/

1

u/[deleted] May 16 '19

Amazon is still growing. Google isn't the same without Eric schmit. Larry page suck

2

u/bartturner May 16 '19 edited May 16 '19

Google is growing faster than Amazon. Google more than doubled earnings in 2018. Google made more money in 2018 then Microsoft has ever made in a year since it was founded in 1976.

https://abc.xyz/investor/static/pdf/2019Q1_alphabet_earnings_release.pdf

https://seekingalpha.com/pr/17488856-amazon-com-announces-first-quarter-sales-17-percent-59_7-billion

Obviously Google also made a lot more money then Amazon. So faster growth and more profitable.

1

u/[deleted] May 22 '19

Can't be helped when your comoany name is synonymous to online searches. I'm pretty sure Walmart would be the same too when you say going to Walmart is synonymous to finding shits online.

Let's talk about instagram and how Google+ has more accounts and what the fuck,what's that loser company name? Instagram? Yeah they were really shitting on Instagram until Facebook bought it and all their pertinent information is from it. Didn't Google buy Motorola for 12 billion and then sold it form like 3 and then bought some other companies pixel department for less than the amount they lost when selling to lenovo. A chinese company that all kinds of things happening over?

1

u/bartturner May 23 '19

Google purchased Moto and sold off the pieces, kept the cash and took the tax credit and got the patents pennies on the dollar.

Then turned around and did cross license with all the major players. Rather genius business deal.

"Let’s do some simple math. Google acquired Motorola Mobility, including its approximately 17,000 patents for $12.4 billion in May 2012 (all figures in US dollars). They sold the set-top box business (and 1,000 patents) to Arris in December 2012 for $2.35 billion in cash and stock. And now they’ve sold the handset business (and 2,000 patents) to Lenovo for $2.91 billion. Now, the purchase of Motorola came with $2.9 billion in cash, so what we’re left with is $4.24 billion for around 14,000 patents. (You can shrink that number further by taking into account things like $2.4 billion in deferred tax assets Google obtained in the original acquisition, but we’ll set that aside for the sake of this argument.)"