Warren Buffett drops Wal-Mart stock

Posted online February 15, 2017 | 12:33 pm

Warren Buffett's Berkshire Hathaway sold off $900 million in Wal-Mart Stores Inc. stock.

The sale leaves Buffett with nearly no shares in the company.

Buffett first bought shares in Wal-Mart in 2005. Last year, he acknowledged traditional brick-and-mortar retailers were struggling in the face of competition from Amazon.

Read more from Business Insider.

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