Glitch That Caused Warren Buffett's Berkshire Hathaway Shares To Drop Over 99% Fixed Says NYSE, But Some Aren't Buying The Explanation: 'Doesn't Make Any Sense'

A technical glitch caused Warren Buffett's Berkshire Hathaway shares to plummet by over 99% on Monday. The New York Stock Exchange has stated that the issue has been resolved. However, some market participants remain skeptical, suggesting that it "doesn't make any sense." The issue was caused by a new software release affecting industry-wide price bands, leading to trading halts for up to 40 symbols and a significant drop in Berkshire Hathaway’s stock value. The NYSE has resumed trading for the affected stocks and confirmed that all systems are operational.