The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Warren Buffett — worried about impersonators — says he doesn’t endorse candidates or investments

by admin October 24, 2024
October 24, 2024
Warren Buffett — worried about impersonators — says he doesn’t endorse candidates or investments

Warren Buffett is worried about a rise in impersonators looking to capitalize on his name by purporting to be him recommending an investment product or political candidate on social media. So much so that Berkshire Hathaway made the rare move of adding a statement on the matter to the front page of its website.

The statement reads:

“In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”

The chairman and CEO of Berkshire elaborated to CNBC’s Becky Quick, saying: “I’m worried about people impersonating me and that’s why we put that on the Berkshire Web site. Nobody should believe anybody saying I’m telling them how to invest or how to vote.”

Buffett’s statement comes during a tense political season with a deadlocked presidential race between Vice President Kamala Harris and former President Donald Trump that’s divided big names on Wall Street and in Silicon Valley like Elon Musk, Bill Ackman and Mark Cuban. The New York Times reported Tuesday that Bill Gates is privately supporting Harris with a $50 million donation to a nonprofit backing her candidacy.

There’s also a broader concern about so-called deep fakes, using artificial intelligence to impersonate influential people for commercial gain or other uses with the image or videos looking closer and closer to reality because of advancements in the technology. For those familiar with the investment legend’s viewpoints, any endorsement by Buffett of an investing product or cryptocurrency would be met with skepticism since he famously shuns bitcoin and largely recommends that regular investors buy low-cost index funds.

But Buffett wants to make sure everyone knows he would never do something like that. His actions were triggered in part by a fake political endorsement on Meta’s Instagram that was brought to his attention.

“I don’t even know how to get on Instagram,” he told CNBC, adding he wanted to make sure people realize “anything they see with my image or my voice, it just ain’t me.”

— With reporting by Becky Quick and Lacy O’Toole.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Three Ways to Visualize the Start of a Potential Distribution Phase
next post
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

Related Posts

Walgreens to close 1,200 stores over the next...

October 16, 2024

Dow falls 600 points in worst day of...

May 24, 2024

Shein’s global ambitions leaves some cybersecurity experts fearful...

July 10, 2024

Elon Musk says backlash against his DOGE government...

April 2, 2025

Dow tumbles 475 points, S&P 500 suffers worst...

April 16, 2024

How a $5 million fix turned Paramount Pictures’...

March 5, 2025

Boeing freezes hiring in sweeping cost cuts as...

September 17, 2024

Delta says chaos after CrowdStrike outage cost it...

August 10, 2024

How digitally native companies like Rothy’s are growing...

February 26, 2025

Disneyland characters and cast members attempt to unionize

April 19, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

      September 23, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 23, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 23, 2025
    • Macron stakes anti-Trump global role with Gaza initiative at UN summit

      September 23, 2025
    • Trump assassination attempt suspect Ryan Routh questions first witnesses as case nears its final stage

      September 23, 2025
    • Waltz promises US will defend ‘every inch’ of NATO territory after Russian jets flew into Estonia

      September 23, 2025

    Categories

    • Business (1,390)
    • Politics (4,557)
    • Stocks (1,665)
    • Uncategorized (45)
    • World News (1,383)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved