Online brokerage firm Interactive Brokers says it has incurred a $48 million loss resulting from a glitch at the New York Stock Exchange that caused Berkshire Hathaway’s share price to briefly plunge by more than 99%.
On the morning of June 3, the price of Class A shares of Berkshire Hathaway dropped from around $622,000 to about $185. The exchange quickly halted trading of the stock, but news of the “anomalous price drop quickly spread across social media,” Interactive Brokers says in a news release announcing the loss, which…
