If Buffett Joined Twitter, Would Twitter Stock Be a Short If It Was Public?
May 2, 2013 by Jon C. Ogg
The tweet “Warren is in the house” ahead of the Berkshire Hathaway Inc. (NYSE: BRK-A) annual meeting might as well have said “Warren is the house.” The @WarrenBuffett profile has now gathered a whopping 109,534 followers as of 2:35 p.m. EST on Thursday. You can bet that the number will grow much more, and you can bet that now social media addicts can hear the same canned statements like “America’s greatest days are ahead of it” live on their social media feeds. Our only advice to social media readers is that just because it came from Mr. Buffett doesn’t make it so.
Hopefully Mr. Buffett will not start using Twitter to communicate sensitive financial communication about the economy or about politics and financial history. The public just might forget that Buffett is simply talking up his positions and making sure that investors don’t panic out of their Berkshire Hathaway stock.
Here is the funny thing. Warren Buffett probably had his secretary or someone else do the tweet for him. If Twitter was a public stock, chances are high that traders might have sold into this news. They may have even short sold it.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.