Sinking ARK: Cathie Wood’s Fund Lost $50 Billion So She Bought Some More Shares

Ark Investment Management’s Cathie Wood increased her holdings in Tesla (Nasdaq: TSLA) and Coinbase Global (Nasdaq: COIN), demonstrating her belief in electric vehicles and cryptocurrencies as major trends for the future. According to Bloomberg data, a variety of Ark Investment Management funds, including Wood’s flagship Ark Innovation ETF, purchased nearly 75,000 shares of the carmaker … Continue reading Sinking ARK: Cathie Wood’s Fund Lost $50 Billion So She Bought Some More Shares