Glitch Leads To 99% Discount On Warren Buffet's Berkshire Shares

Investors who purchased shares in Warren Buffett’s Berkshire Hathaway at a huge discount will see their trades canceled following a technical issue on the stock exchange.

On June 3, a data glitch led the global conglomerate’s stock price to fall to $185 a share, having previously closed at over $620,000. The drop meant a more than 99% discount on the Warren Buffett–led company.

This means a trader who snapped up just $925 worth of the stock at the rock-bottom price would now see that investment worth over $3 million today.

In an update, NYSE said it would “bust” all the “erroneous” trades of Berkshire Hathaway stock at or below $603,718.30 a share.

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