Reported 25 days ago
Cathie Wood, the chief of Ark Investment Management, has purchased 43,833 shares of Meta Platforms for approximately $25.9 million. This acquisition comes during earnings season, a time when Wood typically adjusts her tech stock investments. Despite a challenging performance of Ark's funds recently, Wood remains committed to her strategy of investing in disruptive innovation, believing it will lead to significant long-term returns. Meta's recent earnings report showed strong revenue growth but weaker-than-expected user growth.
Source: YAHOO