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Greg Abel Just Spent $330 Million on This Tech Stock. Here's What It Means for Investors.
The Motley Fool·
Berkshire Hathaway CEO Greg Abel invested an additional $330 million in Bending Spoons in October, bringing the total stake to $930 million since the company's IPO. Bending Spoons, a $30 billion company that owns digital platforms like Evernote, Vimeo, Eventbrite, and AOL, is experiencing rapid growth with 126% year-over-year revenue increase and strong profitability. This investment signals a shift in Berkshire's strategy under Abel toward selective technology opportunities, while maintaining Buffett's value investment principles.
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