May 2 (UPI) -- Billionaire Warren Buffett's company Berkshire Hathaway posted a nearly $50 billion net loss in the first quarter of 2020 thanks to plummeting markets during the coronavirus crisis, a regulatory filing Saturday indicates.
Shareholders lost $49.7 billion in the first three months of 2020, including after-tax losses, according to a regulatory filing, largely from a decline in market prices of equity securities.