Cathie Wood Loads Up Over $6.7M In Adobe Stock As It Tumbles 27% In A Month Over Figma Deal

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Cathie Wood Loads Up Over $6.7M In Adobe Stock As It Tumbles 27% In A Month Over Figma Deal

Benzinga2022-10-11

Cathie Wood-led ARK Investment Management bought over 23,000 shares of software maker Adobe Inc through the ARK Next Generation Internet ETF, estimated to be valued at over $6.7 million based on ...

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n86887
·2022-10-11
Huh
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Andrewinho
·2022-10-11
😱😱😱
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- Choonhowe:
  Ok
  2022-10-11
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RieslingHawk
·2022-10-11
Bagholder Cathie at it again, bringing the entire ARK gamblers into poverty.
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In the last month, shares of the company have lost over 27%.“Figma’s web-based, multi-player capabilities will accelerate the delivery of Adobe’s Creative Cloud technologies on the web, making the creative process more productive and accessible to more people,” Adobe had said.Adobe explained that Figma has a total addressable market of $16.5 billion by 2025 and added that the company is expected to add approximately $200 million in net new ARR this year, surpassing $400 million in total ARR exiting 2022. 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