Cathie Wood Reduces Meta Holdings for the First Time in Almost a Year

Reported about 9 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

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