This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Warren Buffett Joins Twitter Ahead of Shareholder Meeting

Updated to include Warren Buffett's first and hopefully not last, Tweet.

NEW YORK ( TheStreet) - Warren Buffett, the 82-year old head of investing conglomerate Berkshire Hathaway (BRK.A) has joined Twitter, countering some notions that the 'Oracle of Omaha' and International Business Machines (IBM) investor has little tech savvy.

At a Thursday afternoon Fortune Magazine panel titled "Warren Buffett on Women and Work...and other Wisdom," Buffett made his first ever Tweet.

"Warren is in the house," Buffett wrote, using handle @WarrenBuffett.

"It means my family can no longer say I am lodged in the 19th century," Buffett said of his first Tweet, on a Fortune Magazine streaming panel discussion with Pattie Sellers.

"It's pretty daring but I'll try," Buffett said as he was about to Tweet. "Does it bite?"

"We have set up an account," Debbie Bosanek, Buffett's assistant said in a brief phone interview with TheStreet earlier on Thursday.

Bosanek had said Buffett's first tweet would center on the Fortune Magazine panel on women and an article Buffett wrote, which is featured on Fortune.com.

"I believe the first one will be about this article," Bosanek said. She also cautioned TheStreet that all other accounts claiming to be Warren Buffett are fake.

"Any accounts out there that purport to be Warren Buffett are bogus," Bosanek said.

Joining Twitter may help Buffett counter reports he is decidedly tech unsavvy. Some media reports say Buffett doesn't have a computer in his Berkshire Hathaway office, whole others have noted the 'Oracle of Omaha's' problems with cell phones and voicemail.

Berkshire Hathaway has also avoided investing in tech sector giants like Google (GOOG), Apple (AAPL) and Facebook (FB). Buffett has claimed he isn't able to fully evaluate such stocks.

Buffett's introduction to Twitter comes just ahead of Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on May 4.

"It is really going to be a good one this year," Bosanek said of the meeting, while advising investors to bring a coat as a result of unseasonably cold weather. "Everything else will be perfect."

Buffett's handle @WarrenBuffett gained nearly 10,000 followers within minutes of the 'Oracle's' first Tweet. His account was verified on the social network within about 15 minutes and now carries a blue checkmark.

Buffett's account states he is Chairman and CEO of Berkshire Hathaway and provides a link to the company's website .

Already, Buffett and his assistant Bosanek have a notable presence on the social network, which allows authors to make posts in 140-character increments and post links, photos and videos.

President Barack Obama used an op/ed written by Buffett in the New York Times comparing his about 17% income tax rate as a billionaire to Bosanek's tax rate of over 30% to describe why millionaires and billionaires aren't paying their fair share of taxes.

Obama subsequently coined a piece of legislation called the Buffett Rule, which has taken off on Twitter under hashtag #BuffettRule.

On April 9, President Obama referenced Buffett in a tweet advocating a higher tax rate for top income earners. Obama used the #BuffettRule hashtag.

"RT if you agree: Congress should pass the #BuffettRule next week so middle-class families don't pay a higher tax rate than millionaires," Obama wrote, in a tweet that was favorited 208 times and retweeted 5,218 times.

To be seen is whether President Obama and Buffett will follow each other on Twitter or whether retweets will come with more frequency.

Others have used Twitter to promote Buffett and Berkshire's upcoming shareholder meeting.

"Berkshire annual meeting or Kentucky Derby Day... For me, Berkshire by 10 lengths," Mario Gabelli, head of GAMCO Investors, wrote on Twitter.

-- Written by Antoine Gara in New York.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs