JAKARTA – Microsoft founder Bill Gates surprisingly bought a stake in technology giant Cupertino, United States (US) Apple a few months ago. This purchase is claimed to save Apple from early bankruptcy.
Reported the Smarter Analyst site quoted from Macworld, Friday, May 29, the purchase of 501,044 shares was made through the Bill and Melinda Gates Foundation several months ago and there was no media spotlight. This has resulted in Apple’s stock increasing by about 25 percent since then, after slumping earlier in the year.
Long before this stock purchase, Bill Gates actually bought $ 150 million in Apple stock in August 1997, a purchase that probably saved the Cupertino company from bankruptcy.
Later, Microsoft sold its shares in 2003 for a profit, but some felt the company should have lasted a little longer, given that the iPhone was first launched in 2007 and Apple’s stock immediately became the highest ranking in the world.
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Not stopping at Apple, the Bill and Melinda Gates Foundation also recently bought shares in Amazon and Twitter, but Gates also sold his stake in Berkshire Hathaway. In total, the foundation has sitting on assets valued at 46.8 billion US dollars.
Shares on Twitter have jumped 48 percent in the past two months, seeing that Bill Gates bought 272,420 shares. Meanwhile in the e-commerce giant Amazon it acquired 60,460 shares. He also bought 552,383 shares in Alibaba.
Although Amazon stopped shipping ordered goods in March, it resumed operations the following month. The demand for its products has soared, during the key period and responding to consumer needs. Because, during this COVID-19 pandemic, many have turned to retail on line for the first time during the global crisis.
Amazon itself has jumped 45 percent of its share since mid-March and is trading at $ 2,436.88. Despite concerns over the impact of COVID-19, the e-commerce company owned by Jeff Bezos has managed to wake up from its slump.
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