In today's video, we dive into the shocking moment when Berkshire Hathaway's stock plummeted 99.97% in a single second due to a glitch in the market. What caused this massive drop? And what exactly was the glitch?
I'll break down the events leading up to the crash, explain the technical glitch that caused it, and discuss the aftermath for investors. Plus, we'll look at the broader impact on the market, including other affected stocks like Chipotle and Barrick Gold.
Learn about the Consolidated Tape Association (CTA) and the Securities Information Processor (SIP) that played a crucial role in this event. We'll also discuss the NYSE's reaction and the policies on "clearly erroneous transactions."
Don't forget to like and subscribe for more insights into financial and investing literacy!
Timestamps:
00:00 - 00:57 Introduction
00:57 - 01:46 What Happened to Berkshire Hathaway's Stock?
01:46 - 02:14 Funny Memes
02:14 - 02:45 Would you be allowed to keep shares if you bought?
02:45 - 04:31 Explanation of the Technical Glitch
04:31 - 05:28 Summary
📢 Share your thoughts in the comments! Have you ever experienced a trading glitch? Would you like a video on historical stock market glitches? Let me know!
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