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Berkshire Hathaway's stake in Apple now worth almost $50 billion

Warren Buffett, CEO of Berkshire Hathaway. Photo: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images

Two years after purchasing 10 million shares of Apple then-valued at $1.1 billion — and with numerous incremental additions since — Warren Buffett's Berkshire Hathaway's stake in the company is now worth nearly $50 billion, CNN reports, citing a regulatory filing.

Why it matters: Earlier this week, Apple became the first-ever U.S. company to have its market cap hit $1 trillion. Berkshire's stake in Apple is the largest of its substantial investment portfolio.

Correction: This article has been updated to note that Berkshire purchased stock multiple times after its purchase two years ago.

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Margaret Harding McGill, Sara Fischer
5 hours ago - Technology

Tech scrambles to derail inauguration threats

Illustration: Sarah Grillo/Axios

Tech companies are sharing more information with law enforcement in a frantic effort to prevent violence around the inauguration, after the government was caught flat-footed by the Capitol siege.

Between the lines: Tech knows it will be held accountable for any further violence that turns out to have been planned online if it doesn't act to stop it.

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Dave Lawler, author of World
5 hours ago - World

Uganda's election: Museveni declared winner, Wine claims fraud

Wine rejected the official results of the election. Photo: Sumy Sadruni/AFP via Getty

Yoweri Museveni was declared the winner of a sixth presidential term on Saturday, with official results giving him 59% to 35% for Bobi Wine, the singer-turned-opposition leader.

Why it matters: This announcement was predictable, as the election was neither free nor fair and Museveni had no intention of surrendering power after 35 years. But Wine — who posed a strong challenged to Museveni, particularly in urban areas, and was beaten and arrested during the campaign — has said he will present evidence of fraud. The big question is whether he will mobilize mass resistance in the streets.

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Jonathan Swan, Zachary Basu
5 hours ago - Politics & Policy
Off the Rails

Episode 1: A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 1: Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies — and he decided to exploit it.

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”

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