Mastercard
No less than the Warren Buffett-founded holding conglomerate Berkshire Hathaway believes in payment tech company Mastercard. It has also found another ally in Rivulet Capital, which boosted its stake in the Harrison, New York-based brand by 5 percent.
Specifically, the firm purchased 30,900 shares in Mastercard, accounting for 10.8 percent of Rivulet Capital’s portfolio. It first invested in the payment network processor in 2020. Meanwhile, the $334.1-billion company reported an almost 7-percent decrease in revenue ($4.12 billion) in the fourth quarter of 2020, although it still exceeded FactSet’s estimate of $4 billion.
