Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. (lemmy.ml)

submitted 2 days ago by yogthos@lemmy.ml to c/usa@lemmy.ml

2 comments fedilink hide all child comments

These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

https://breakingthenews.net/Article/Amazon%27s-Bezos-sells-dollar1.25B-worth-of-shares/63056547

https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d

https://www.forexlive.com/stock-market-update/buffetts-berkshire-hathaway-hoarding-cash-in-a-pattern-seen-before-the-financial-crisis-20241112/

top 2 comments

sorted by: hot top controversial new old

[-] PolandIsAStateOfMind@lemmy.ml 5 points 1 day ago* (last edited 1 day ago)

is now sitting on a staggering $325 billion in cash reserves.

So, turns out that the "it's not real wealth" excuse capitalist shills present every time when asked about billionaires is just excuse.

[-] yogthos@lemmy.ml 2 points 1 day ago

as we all knew :)

this post was submitted on 13 Nov 2024

15 points (100.0% liked)

United States | News & Politics

7211 readers

263 users here now

founded 4 years ago

MODERATORS

pangyuehung@lemmy.ml

yogthos@lemmy.ml