Reported 1 day ago
Cathie Wood, CEO of Ark Invest, has made headlines with her recent purchase of 5 million shares of Archer Aviation, a company specializing in electric air taxis. This significant investment follows earlier acquisitions, amidst a backdrop of favorable developments, including a partnership with Japan Airlines and a notable equity raise. Despite Archer's stock soaring 166% in December, concerns linger about its lack of revenue and high cash burn rate, prompting cautions for potential investors considering aligning with Wood's strategy.
Source: YAHOO