Reported about 13 hours ago
Cathie Wood's Ark Investment Management has sold shares of Meta Platforms Inc. for the first time since March 2024, signaling struggles for large US tech stocks amid a market downturn. The sales included 12,595 shares on March 17 and 2,160 shares more recently, reflecting a shift as the Ark Innovation ETF faces a 15% decline in 2025. As Meta joins the ranks of underperforming 'Magnificent Seven' tech stocks, concerns over tariffs and competition in AI are impacting investor sentiment.
Source: YAHOO