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Buffett-backed StoneCo sheds $22B in value since peaking

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Brazilian payments firm StoneCo Ltd. plunged the most on record after disappointing results in the third quarter cast further doubt on the company’s recovery. The fintech, which counts Warren Buffett’s Berkshire Hathaway Inc. among its backers, posted an adjusted net income of 132.7 million reais ($24 million) for the quarter, falling short of the average […]

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