Reported 5 months ago
Cathie Wood, renowned head of Ark Investment Management, has purchased $26 million of beaten-down Shopify shares amidst the company's recent struggles. Wood, known for her investment in high-tech emerging companies, has faced criticism for her fund's performance, which has fallen short of her goal of 15% annual returns over five years. Despite this, Wood remains committed to her strategy of investing in innovative tech companies like Shopify, which she believes will have a significant impact on the future.
Source: YAHOO