Cathie Wood Cuts Twitter Stake By 85% As Elon Musk Bulks Up Takeover Financing — Also Trims Tesla

Benzinga2022-05-06

Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Yonhuat
2022-05-06
Yonhuat
Why didn't sell last week above $1000?
Vincent1968
2022-05-06
Vincent1968
Ok
Basics101
2022-05-06
Basics101
I guess Cathie Wood missed the memo regardingthe Tesla stock split!
Basics101
2022-05-06
Basics101
I though Cathie Wood and Elon were besties?
Swordmerlin
2022-05-06
Swordmerlin
Good
tina go
2022-05-06
tina go
Give like

Leave a comment

122

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150070956?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-06 11:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150070956","market":"us","top_or_hot":-1,"title":"Cathie Wood Cuts Twitter Stake By 85% As Elon Musk Bulks Up Takeover Financing — Also Trims Tesla","media":"Benzinga","content":"<div>\n<p>Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/05/27039955/cathie-wood-just-sold-most-of-shares-ark-invest-holds-in-twitter-as-elon-musk-bulks-up-twitter-finan\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Cuts Twitter Stake By 85% As Elon Musk Bulks Up Takeover Financing — Also Trims Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Cuts Twitter Stake By 85% As Elon Musk Bulks Up Takeover Financing — Also Trims Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/05/27039955/cathie-wood-just-sold-most-of-shares-ark-invest-holds-in-twitter-as-elon-musk-bulks-up-twitter-finan><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion ...</p>\n\n<a href=\"https://www.benzinga.com/news/22/05/27039955/cathie-wood-just-sold-most-of-shares-ark-invest-holds-in-twitter-as-elon-musk-bulks-up-twitter-finan\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"https://www.benzinga.com/news/22/05/27039955/cathie-wood-just-sold-most-of-shares-ark-invest-holds-in-twitter-as-elon-musk-bulks-up-twitter-finan","article_id":"1150070956","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150070956","pubTimestamp":1651806002,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc o","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter","TSLA":"特斯拉"},"translate_title":"凯西·伍德削减了推特85%的股份，埃隆·马斯克扩大了收购融资--也削减了特斯拉","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9,"TWTR":0.9},"content_text":"Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion purchase of the microblogging site.St. Petersburg, Florida-based Ark Invest sold 874,926 shares, estimated to be worth $44 million, held in the social media company. The latest sale lowers Ark Invest’s exposure to Twitter by about 85%.The popular stock-picking firm currently holds Twitter shares via two of its six actively traded exchange funds — the Ark Next Generation Internet ETF and the Ark Fintech Innovation ETF.The two ETFs held 1.01 million shares of Twitter, worth $49.9 million, before Thursday's trade.Ark has significantly trimmed its stake in Twitter this year just months after placing huge bets on the microblogging site.The latest sale comes as the world's richest man moved forward with bulking up finance to close the mega-deal.Musk is also reportedly expected to temporarily serve as the CEO of Twitter for a few months after the takeover.The billionaire entrepreneur, who owns a more than 9% stake in Twitter, recently sold shares worth $8.5 billion in Tesla, likely to fund the mega take-private deal.A Tesla super-bull, Ark Invest also sold shares in the electric vehicle company’s stock on Thursday.The firm sold 26,131 shares, estimated to be about $22.8 million, in Tesla on the day shares closed 8.3% lower at $873.28. Shares of the company have plunged 27.2% year-to-date.Ark Invest owns shares in Tesla through ARKW, the Ark Innovation ETF, and the Autonomous Technology & Robotics ETF.The three ETFs held 1.34 million shares worth $1.27 billion in Tesla before Thursday’s trade.Ark Invest has recently set a new price target of $4,600 on Tesla by 2026, up from a prior estimate of $3,000 by 2025.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9068775120,"gmtCreate":1651812664360,"gmtModify":1676534976584,"author":{"id":"4097900715273400","authorId":"4097900715273400","name":"Yonhuat","avatar":"https://static.tigerbbs.com/a4ab9f0ed4305d88e3767c39675cedf3","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1},"htmlText":"Why didn't sell last week above $1000?","listText":"Why didn't sell last week above $1000?","text":"Why didn't sell last week above $1000?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068775120","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068742437,"gmtCreate":1651811032629,"gmtModify":1676534976310,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068742437","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068754538,"gmtCreate":1651810216224,"gmtModify":1676534976068,"author":{"id":"4110329905587722","authorId":"4110329905587722","name":"Basics101","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I guess Cathie Wood missed the memo regardingthe Tesla stock split!","listText":"I guess Cathie Wood missed the memo regardingthe Tesla stock split!","text":"I guess Cathie Wood missed the memo regardingthe Tesla stock split!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068754538","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068754399,"gmtCreate":1651810149011,"gmtModify":1676534976071,"author":{"id":"4110329905587722","authorId":"4110329905587722","name":"Basics101","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I though Cathie Wood and Elon were besties?&nbsp;","listText":"I though Cathie Wood and Elon were besties?&nbsp;","text":"I though Cathie Wood and Elon were besties?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068754399","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068755358,"gmtCreate":1651810055974,"gmtModify":1676534976043,"author":{"id":"3582338758553096","authorId":"3582338758553096","name":"Swordmerlin","avatar":"https://community-static.tradeup.com/news/1f836008e90c916e86b10677e7b767fd","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068755358","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068724482,"gmtCreate":1651809024746,"gmtModify":1676534975816,"author":{"id":"4107641677984740","authorId":"4107641677984740","name":"tina go","avatar":"https://community-static.tradeup.com/news/60c0446feb328818aaf8cd74f9306156","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Give like","listText":"Give like","text":"Give like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068724482","repostId":1150070956,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":122,"commentSize":10,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150070956"}