Of course she sold .. it's onl

2022-05-07

Of course she sold .. it's only a few dollars difference from offer price .

Cathie Wood Just Sold Twitter (TWTR) Stock. Here’s Why.

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Comments

PorterLamb
2022-05-07
PorterLamb
From another point of view, the purchase price now is similar to that when it was first issued. Can it be regarded as just listed?
MamieBenson
2022-05-07
MamieBenson
Facts have proved that it is indeed not welcomed by the market.
DaisyMoore
2022-05-07
DaisyMoore
Selling is the wisest choice. She did the right thing!
KLS
2022-05-07
KLS
Buy

Leave a comment

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These outside investors include Sequoia Capital, Binance(BNB-USD) and Vy Capital. Both Sequoia and Vy have previously backed Musk’s ventures.Despite these developments, Cathie Wood’sArk Investreported reducing its TWTR stock position yesterday in two of its exchange-traded funds (ETFs). Let’s get into the details of the sale.Cathie Wood Sells TWTR StockOn May 5, the Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported selling 718,188 shares. Additionally, the Ark Fintech Innovation ETF(NYSEMKT:ARKF) reported selling 156,738 shares. After the sales, Twitter accounts for less than 1%of either ETF. Across all Ark ETFs, Twitter is the 135th largest holding, with a 0.04% allocation.In fact, Ark Invest has been steadily selling down its Twitter position since December of last year. The last purchase occurred on Dec. 6, when ARKF purchased230,883 shares. Since then, Ark Invest has consistently been reducing its stake across ARKW, ARKF and the Ark Innovation ETF(NYSEMKT:ARKK).Ark Invest started reducing its position before the Twitter acquisition news was publicized. In addition, as part of the Musk acquisition, shareholders will receive $54.20 in cash for each share held. Ark Invest’s sales yesterday were all sold below $54.20, which may suggest that the firm expects downside before the acquisition completes.What’s Next for Twitter?Twitter will likely experience massive changes under the helm of Musk. He has hinted at several changes, such as an edit button, releasing Twitter’s algorithm to the public and combatting cryptocurrency scams.In a tweet, Musk also hinted that he may charge “commercial/government users” a “slight cost” for using the platform. 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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-07 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-sold-twitter-twtr-stock-heres-why/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nTwitter(NYSE:TWTR) has been in the spotlight for the past month due to the ongoing drama surrounding Elon Musk’s purchase of the company. Musk has pledged to buy the social media platform at $54.20 ...\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-sold-twitter-twtr-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-sold-twitter-twtr-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124838192","content_text":"Twitter(NYSE:TWTR) has been in the spotlight for the past month due to the ongoing drama surrounding Elon Musk’s purchase of the company. Musk has pledged to buy the social media platform at $54.20 per share. Recently, it was revealed that the Tesla(NASDAQ:TSLA) CEO plans to serve as Twitter’stemporary CEO if the acquisition is successful. Investors should also expect a major shakeup within the company, as Musk also stated that the company has “too many engineers not doing enough.”On top of that, Musk received$7.1 billion from outside investors to help with the acquisition. These outside investors include Sequoia Capital, Binance(BNB-USD) and Vy Capital. Both Sequoia and Vy have previously backed Musk’s ventures.Despite these developments, Cathie Wood’sArk Investreported reducing its TWTR stock position yesterday in two of its exchange-traded funds (ETFs). Let’s get into the details of the sale.Cathie Wood Sells TWTR StockOn May 5, the Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported selling 718,188 shares. Additionally, the Ark Fintech Innovation ETF(NYSEMKT:ARKF) reported selling 156,738 shares. After the sales, Twitter accounts for less than 1%of either ETF. Across all Ark ETFs, Twitter is the 135th largest holding, with a 0.04% allocation.In fact, Ark Invest has been steadily selling down its Twitter position since December of last year. The last purchase occurred on Dec. 6, when ARKF purchased230,883 shares. Since then, Ark Invest has consistently been reducing its stake across ARKW, ARKF and the Ark Innovation ETF(NYSEMKT:ARKK).Ark Invest started reducing its position before the Twitter acquisition news was publicized. In addition, as part of the Musk acquisition, shareholders will receive $54.20 in cash for each share held. Ark Invest’s sales yesterday were all sold below $54.20, which may suggest that the firm expects downside before the acquisition completes.What’s Next for Twitter?Twitter will likely experience massive changes under the helm of Musk. He has hinted at several changes, such as an edit button, releasing Twitter’s algorithm to the public and combatting cryptocurrency scams.In a tweet, Musk also hinted that he may charge “commercial/government users” a “slight cost” for using the platform. 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Can it be regarded as just listed?","text":"From another point of view, the purchase price now is similar to that when it was first issued. Can it be regarded as just listed?","html":"From another point of view, the purchase price now is similar to that when it was first issued. Can it be regarded as just listed?","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101650398,"commentId":"101650398","gmtCreate":1651935050465,"gmtModify":1663248748349,"authorId":9000000000000494,"author":{"id":9000000000000494,"idStr":"9000000000000494","authorId":9000000000000494,"name":"MamieBenson","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9066548219,"objectIdStr":"9066548219","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Facts have proved that it is indeed not welcomed by the market.","text":"Facts have proved that it is indeed not welcomed by the market.","html":"Facts have proved that it is indeed not welcomed by the market.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101650551,"commentId":"101650551","gmtCreate":1651935688460,"gmtModify":1663248751343,"authorId":9000000000000640,"author":{"id":9000000000000640,"idStr":"9000000000000640","authorId":9000000000000640,"name":"DaisyMoore","avatar":"https://static.tigerbbs.com/907cd7c24e0c3693fe01cf437bf1e553","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9066548219,"objectIdStr":"9066548219","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Selling is the wisest choice. She did the right thing!","text":"Selling is the wisest choice. She did the right thing!","html":"Selling is the wisest choice. She did the right thing!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101650402,"commentId":"101650402","gmtCreate":1651935095523,"gmtModify":1663248747652,"authorId":3551655093075927,"author":{"id":3551655093075927,"idStr":"3551655093075927","authorId":3551655093075927,"name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9066548219,"objectIdStr":"9066548219","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Buy","text":"Buy","html":"Buy","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9066548219"}