NewsWPLG Local 10August 8, 2026Miami-Dade
Berkshire Hathaway CEO Greg Abel deploys $10 billion into Google parent company and increases share buybacks
Berkshire Hathaway CEO Greg Abel has invested $10 billion in Google's parent company and repurchased $4.5 billion of the firm's own stock, according to the company's second-quarter earnings report. The conglomerate's cash holdings decreased to $365.5 billion from $400 billion at the end of March, while operating profits rose to $12.983 billion.
Read the full story at WPLG Local 10Why It Matters
The shift in Berkshire Hathaway's investment strategy under new CEO Greg Abel provides insight into the capital allocation priorities for one of the world's largest conglomerates, impacting its massive cash reserves and shareholder value.
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