Reported about 1 year ago
Cathie Wood's Ark Innovation ETF holdings in Roku, Roblox, and UiPath are all down over 20% this year. Roku's stock has plummeted by 40% due to competition concerns, while Roblox faces challenges in profitability despite growth potential. UiPath's stock has dropped by over 50% following disappointing guidance, raising doubts about its path to profitability in the competitive automation market.
Source: YAHOO