#Warren Buffett blames  billion loss on a ‘mistake’

#Warren Buffett blames $11 billion loss on a ‘mistake’

“#Warren Buffett blames $11 billion loss on a ‘mistake’” Even oracles make mistakes. Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion. The Oracle of Omaha said in his annual letter to shareholders…

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#Nikola admits founder Trevor Milton made ‘inaccurate’ claims

#Nikola admits founder Trevor Milton made ‘inaccurate’ claims

“#Nikola admits founder Trevor Milton made ‘inaccurate’ claims” Nikola admitted that founder and former chairman Trevor Milton made several “inaccurate” claims about the electric-truck maker’s business before he resigned under pressure last year. An internal investigation affirmed several findings of the Hindenburg Research report that threw Nikola into chaos last fall after the short-selling firm…

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