Reported 18 days ago
Cathie Wood, CEO of Ark Investment Management, sold over $4.8 million worth of Spotify shares after the stock surged approximately 165% this year due to strong subscriber growth and price adjustments. Despite her focus on disruptive tech companies, her flagship ARK Innovation ETF has faced significant outflows and mixed performance over the years, sparking both praise and criticism from investors. Wood remains optimistic about the market's future potential for innovation-driven companies.
Source: YAHOO