The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
That's one expensive cab ride! Uber disclosed Friday that it had raised $1.2 billion from investors. The latest round of financing values the company at a whopping $18.2 billion.
To put that in perspective, Uber -- which for those not in the know runs an app that lets people connect with car service drivers -- is worth more than these 12 companies in the S&P 500 that you probably have heard of.
It's also amusing to note that Uber is now worth almost as much as the combined market value of car rental "giants" Hertz (HTZ) -- market value of $12.4 billion -- and Avis Budget (CAR) -- market value of $6.3 billion.
What's next? Airbnb worth $10 billion? Oh. Wait.
There was a healthy discussion about top Berkshire Hathaway subsidiaries and investments at the shareholder meeting Saturday afternoon once investors returned from lunch. Here are the top five highlights.
1. Pass the ketchup, please
Warren Buffett said that Heinz was a reasonably run food company before Berkshire (BRKA) (BRKB) teamed up with 3G Capital to buy the ketchup king. He noted that Heinz had pre-tax margins of 15%.
But Buffett added that he MOREPaul R. La Monica - May 3, 2014 4:18 PM ET
Shares of Harley-Davidson fell sharply Wednesday after the motorcycle giant's second-quarter sales figures fell short of Wall Street's estimates.
Sales were particularly weak in Europe, where dealers sold just 14,639 motorcycles, 9% fewer than last year.
"We continue to remain cautious in our expectations for retail sales globally in an environment of greater economic uncertainty, including in Europe where sales are clearly being affected by the challenging eurozone economy," said CEO Keith Wandell.
Related: Car sales stall MOREHibah Yousuf - Aug 1, 2012 1:28 PM ET
Not a member yet?Sign up now for a free account
|The FedEx driver who sued and won|
|5 immigration myths debunked|
|Turner channels, including CNN, are back on Dish Network — for now|
|London mayor refuses to pay U.S. tax bill|
|Las Vegas casino scraps Cosby performance|