(Flexe Photo)

Online sales are skyrocketing as people stay home amid the pandemic. E-commerce as a share of total U.S. retail sales increased by more than 4% sequentially in the second quarter. More than 10 years of digital commerce adoption has taken place in the past three months, according to McKinsey.

Flexe CEO Karl Siebrecht. (Flexe Photo)

It’s unclear whether these trends will stick in a post-pandemic world. But for now, it’s a boon for companies such as Flexe.

The Seattle startup was already growing quickly before COVID-19, but the pandemic has driven even more demand for its flexible warehousing solution.

Flexe operates a marketplace that gives retailers a way to purchase warehousing space on an on-demand basis and turn what was traditionally a fixed expenditure into a variable cost.

Consumer expectations for fast shipping, largely driven by Amazon, have forced retailers to invest in their delivery networks. But if

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Warren Buffett wearing glasses and smiling at the camera: Warren Buffett AP Images

© AP Images
Warren Buffett AP Images

  • Warren Buffett helped Thomas Kaplan become a billionaire when he bought 130 million ounces of silver in the late 1990s, just before Kaplan listed his silver-mining company.
  • The Berkshire Hathaway CEO has done the natural-resources investor another favor by taking a stake in Barrick Gold last quarter.
  • Barrick co-owns the Donlin Creek gold deposit in Alaska with NovaGold, which counts Kaplan as its chairman and largest shareholder.
  • “Lightning has now struck twice,” Kaplan told Business Insider. “Now I owe him two!”
  • Visit Business Insider’s homepage for more stories.

Warren Buffett paved the way for Thomas Kaplan to become a billionaire when he unexpectedly bought silver in the late 1990s.


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The Berkshire Hathaway CEO has inadvertently helped the natural-resources investor once again with his surprise bet on a gold miner more than 20 years later.

The silver wager

Buffett purchased 130 million

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