Warren Buffett's persistent refusal to split Berkshire Hathaway's sky-high Class A shares has finally caused a Y2K-like problem this week at Nasdaq
New York The world's most famous electronic stock market can't compete with the stubbornness of a 90-year-old billionaire.
For decades, Warren Buffett has refused to split Berkshire Hathaway's sky-high Class A shares, which traded hands Friday at a staggering $436,312.Buffett's persistence finally caused a Y2K-like problem this week at Nasdaq. Here's the issue: Nasdaq's 32-bit computer system can't handle prices above $429,496.7295. And Berkshire's Class A shares got to within 2% of that level on Monday.
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