What Warren Buffett's $1 Billion Apple Investment Says About TechPlay
Warren Buffett's conglomerate Berkshire Hathaway revealed a $1 billion investment in Apple made earlier this year, boosting the technology company's stock by almost 4% Monday. Arguably one of the most well-known investors in the world, Buffett has long had an aversion to technology stocks, making the move somewhat unexpected, especially alongside his announcement that he will join Dan Gilbert, the founder of Quicken Loans, in a bid for Yahoo.
Here & Now co-host Robin Young speaks with Arik Hesseldahl of Recode for a look at what may be driving both ventures.
- Arik Hesseldahl, senior editor of enterprise for Recode. He tweets @ahess247.
This segment aired on May 17, 2016.