Berkshire Hathaway sold its 2.3 million Amazon shares and more than tripled its Alphabet position to a top-five holding in Q1. A Google engineer faces commodities and wire fraud charges for allegedly wagering $2.7 million on Polymarket using confidential search data, prompting questions about internal data security controls.
In Q1, Berkshire Hathaway exited its 2.3 million-share Amazon position to lock in gains and more than tripled its stake in Alphabet, elevating it to a top-five holding. The move reflects a shift toward companies with perceived AI growth potential and more attractive valuations.
A 36-year-old Google software engineer has been arrested on charges of commodities fraud, wire fraud and money laundering after allegedly wagering $2.7 million on Polymarket using confidential search data. Prosecutors allege he made 25 separate bets under the username AlphaRaccoon, accruing $1.2 million in profit, triggering scrutiny of Google's data access policies.
The global smartphone market is projected to rise from $609.29 billion in 2026 to $739.23 billion by 2031 at a 3.94% CAGR, driven by 5G deployment, AI-powered features and foldable designs. Android is expected to command 69.21% of this expanded market, underscoring its dominance in the mobile ecosystem.
Globenewswire
