🫶 “We’re official” — Bumble’s relationship acquisition. TikTok’s Montana ban. Capital One’s Warren Buffett.
The Best One Yet
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Capital One's Undifferentiated Business
Capital one is a bank with $350 billion of people's savings and checking accounts. It uses that money to do credit cards, charging 29% interest if you don't pay it back. Warren Buffett sees capital one stock price as way lower than the others. And he sees that as a discount deal opportunity. Big Berkshire Hathaway bought $1 billion of capital one stock.
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Transcript
