Berkshire Hathaway (BRK.A) Puts $930 Million Into Tech And Expands Its Playbook

Berkshire Hathaway (NYSE:BRK.A) has committed about US$930 million to Italian app developer Bending Spoons in a recent funding round. The Bending Spoons stake gives Berkshire exposure to a privately held technology platform focused on consumer mobile applications. This move contrasts with Berkshire Hathaway’s long history of prioritising mature value stocks and large, established operating businesses. Berkshire’s US$930 million Bending Spoons bet matters, but investors should weigh it...