U.Today – Tech mogul Elon Musk, an active user of Platform . He also mentioned AI.
One of the tweets Musk shared in relation to this was a jokingly created screenshot of Buffett's tweet, which said “hodl.”
Berkshire Hathaway (NYSE 🙂) shares “plummeting,” says Musk
Musk shared a tweet from the @TrungTPhan account, which said that “Buffett just posted on this platform for the first time in 9 years to clear up this Berkshire Hathaway issue.”
What the legendary stock investor allegedly posted to persuade the company's shareholders not to sell BRYN was “hodl,” a meme that originated from the misspelling of the word “hold” and later became a popular acronym in the crypto community, which means “hold.” Carry on with your dear life.”
Musk responded with a “face with tears of joy” emoji. The crypto community appreciated Musk's reaction and the repost he made, getting excited and starting to joke about Warren Buffett and the technical problem that Berkshire Hathaway was a victim of. Many claimed that this “hodl” screenshot was fake and began discussing the situation with Buffett's company.
Musk also reposted a tweet from news outlet Zerohedge, which also commented on the situation with the tech glitch at the Bloomberg terminal, stating: “What can go wrong when AI reports every market move?” The screenshot of the screen showed that Berkshire Hathaway Class A shares suddenly fell from $624,400 to $185.10 per share.
The humorous reaction from the crypto community was due to the fact that Warren Buffett is a rigorous hater.
This is what really happened
The aforementioned technology issue occurred on Monday and caused Berkshire Hathaway's Class A shares to appear to plunge 100% on the New York Stock Exchange for most of the morning.
Trading in those shares was then halted. The problem also affected the share price of Barrick Gold (NYSE 🙂 and Nuscale Power, among 40 assets. According to the New York Stock Exchange, the technical difficulties were caused by price bands published by the Consolidated Tape Association, a popular tool provided by this organization and used by many large market trading venues.
This article was originally published on U.Today.
