06 May '13, 11am

#socialmedia

#socialmedia

The worlds most recognised investor, business magnate, and philanthropist, Warren Buffett has provided his opinion on the growing importance of social media and the significance of digital currency, Bitcoin. Buffett, who has a net worth of $53.5 billion according to the most recent Forbes data, is the CEO of Berkshire Hathaway, a diversified company with major interest in Geico, life insurance, annuity sales and sales of jewellery. The 82 year old was speaking at the company’s annual shareholder meeting in Omaha Nebraska on the weekend (4 May), where Berkshire Hathaway reported that first quarter revenue grew 15% to $43.9 billion, while profit jumped 51%. Buffett logged on to Twitter for the first time last week (2 May), and has already amassed 389,723 followers. Buffett’s first tweet On Saturday (4 May), some 35,000 people descended on Omaha’s CenturyLink Center to attend...

Full article: http://businesstech.co.za/news/general/37226/buffett-talk...

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