IBM gets Rs.58,000 crore wiped off from value in one day

Technology giant IBM lost over $9 billion (over Rs.58,000 crore) in market capitalisation on Wednesday during intraday investment. IBM, which reported a fall in the earnings for the 20th successive quarter, saw shares slip by over 5%. Following this, billionaire Warren Buffett’s Berkshire Hathaway holding company, which has stake in IBM, also lost around $770 million (Rs.4, 900 crore) on Wednesday.

 

sourace: Fortune

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