Cathie Wood Sells $21M In PayPal Amid Stock Crash

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Cathie Wood Sells $21M In PayPal Amid Stock Crash

Benzinga2022-02-03

Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...

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MIe
·2022-02-04
Market sentiments fears over earnings, rate hikes
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2
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D.Billions
·2022-02-04
Whichever counters Cattie Woods buying, please avoid at all costs.
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4
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D.Billions
·2022-02-04
What kind of investment strategy is this, Auntie Cattie are buying high and selling low again? She bought Block (aka Square) and it plummeted immediately even before earnings?
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SL1977
·2022-02-03
she not wise
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1
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13dd9967
·2022-02-03
Sell first. Thank me later.
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1
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Benjean
·2022-02-03
Steady....no fear
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1
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ykang
·2022-02-03
[What]
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2
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RobinChanKH
·2022-02-03
Why sell? Buy the dip, just like buy the dip for her ETFs...
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5
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DJBoy
·2022-02-03
Just bet opposite of cathie...
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6
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BettyT
·2022-02-03
That's why Paypal shares plunged!
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Handoko
·2022-02-03
👌🏻
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Ollivander
·2022-02-03
Wow
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3
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ALearner
·2022-02-03
My god
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3
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Keatchong
·2022-02-03
Ok
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3
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LunaticETF
·2022-02-03
Oh yes, sark went up [Facepalm]
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JediTrader
·2022-02-03
cathie maybe shorting these stock behind our back, no body KNOWS
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4
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JediTrader
·2022-02-03
cathie wood 🤦🏻‍♂️
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LixNg
·2022-02-03
👍🏻
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JayNayHayDay
·2022-02-03
Ohwell
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AmitS
·2022-02-03
Cool
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The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9091570571,"gmtCreate":1643909866131,"gmtModify":1676533870447,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Market sentiments fears over earnings, rate hikes&nbsp;","listText":"Market sentiments fears over earnings, rate hikes&nbsp;","text":"Market sentiments fears over earnings, rate hikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091570571","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091549642,"gmtCreate":1643905649770,"gmtModify":1676533870247,"author":{"id":"4091284840222960","authorId":"4091284840222960","name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4091284840222960","authorIdStr":"4091284840222960"},"htmlText":"Whichever counters Cattie Woods buying, please avoid at all costs.","listText":"Whichever counters Cattie Woods buying, please avoid at all costs.","text":"Whichever counters Cattie Woods buying, please avoid at all costs.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091549642","repostId":1163532013,"repostType":2,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091540507,"gmtCreate":1643905490621,"gmtModify":1676533870232,"author":{"id":"4091284840222960","authorId":"4091284840222960","name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4091284840222960","authorIdStr":"4091284840222960"},"htmlText":"What kind of investment&nbsp;strategy is this, Auntie Cattie are buying high and&nbsp;selling&nbsp;low again? She bought Block (aka Square) and it&nbsp;plummeted immediately even before earnings?","listText":"What kind of investment&nbsp;strategy is this, Auntie Cattie are buying high and&nbsp;selling&nbsp;low again? She bought Block (aka Square) and it&nbsp;plummeted immediately even before earnings?","text":"What kind of investment strategy is this, Auntie Cattie are buying high and selling low again? She bought Block (aka Square) and it plummeted immediately even before earnings?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091540507","repostId":1163532013,"repostType":2,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091567679,"gmtCreate":1643901611241,"gmtModify":1676533869689,"author":{"id":"3577882033944507","authorId":"3577882033944507","name":"SL1977","avatar":"https://static.tigerbbs.com/846343ca761b93618fb0332b00e58af9","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3577882033944507","authorIdStr":"3577882033944507"},"htmlText":"she not wise&nbsp;","listText":"she not wise&nbsp;","text":"she not wise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091567679","repostId":1163532013,"repostType":2,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091563734,"gmtCreate":1643900784555,"gmtModify":1676533869523,"author":{"id":"4103330401804700","authorId":"4103330401804700","name":"13dd9967","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4103330401804700","authorIdStr":"4103330401804700"},"htmlText":"Sell first. Thank me later.","listText":"Sell first. Thank me later.","text":"Sell first. Thank me later.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091563734","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091533042,"gmtCreate":1643896082168,"gmtModify":1676533868724,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"htmlText":"Steady....no fear","listText":"Steady....no fear","text":"Steady....no fear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091533042","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091273614,"gmtCreate":1643887894580,"gmtModify":1676533867935,"author":{"id":"3574210732047776","authorId":"3574210732047776","name":"ykang","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":0,"idStr":"3574210732047776","authorIdStr":"3574210732047776"},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091273614","repostId":1163532013,"repostType":2,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091251489,"gmtCreate":1643881275749,"gmtModify":1676533867424,"author":{"id":"3585125163446793","authorId":"3585125163446793","name":"RobinChanKH","avatar":"https://community-static.tradeup.com/news/6a29bc2ef443d458e3076e29dd8d5455","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":1,"idStr":"3585125163446793","authorIdStr":"3585125163446793"},"htmlText":"Why sell? Buy the dip, just like buy the dip for her ETFs...&nbsp;","listText":"Why sell? Buy the dip, just like buy the dip for her ETFs...&nbsp;","text":"Why sell? Buy the dip, just like buy the dip for her ETFs...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091251489","repostId":1163532013,"repostType":2,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091222070,"gmtCreate":1643880098326,"gmtModify":1676533867236,"author":{"id":"3578917676674127","authorId":"3578917676674127","name":"DJBoy","avatar":"https://static.tigerbbs.com/e89ddb65fea14052b67a417c63273930","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"3578917676674127","authorIdStr":"3578917676674127"},"htmlText":"Just bet opposite of cathie...","listText":"Just bet opposite of cathie...","text":"Just bet opposite of cathie...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091222070","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091262571,"gmtCreate":1643878462312,"gmtModify":1676533866851,"author":{"id":"3580536610076415","authorId":"3580536610076415","name":"BettyT","avatar":"https://static.tigerbbs.com/6a4dfe2f455acd2af7629f83ce30e20c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3580536610076415","authorIdStr":"3580536610076415"},"htmlText":"That's why Paypal shares plunged!&nbsp;","listText":"That's why Paypal shares plunged!&nbsp;","text":"That's why Paypal shares plunged!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091262571","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091260652,"gmtCreate":1643876923091,"gmtModify":1676533866696,"author":{"id":"4099864714926520","authorId":"4099864714926520","name":"Handoko","avatar":"https://static.tigerbbs.com/9890fec8f477f8bc166d5453e7ce66f8","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":1,"idStr":"4099864714926520","authorIdStr":"4099864714926520"},"htmlText":"👌🏻","listText":"👌🏻","text":"👌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091260652","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091286665,"gmtCreate":1643874852927,"gmtModify":1676533866571,"author":{"id":"4106911972821760","authorId":"4106911972821760","name":"Ollivander","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4106911972821760","authorIdStr":"4106911972821760"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091286665","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091283712,"gmtCreate":1643873721586,"gmtModify":1676533866514,"author":{"id":"3581627611317712","authorId":"3581627611317712","name":"ALearner","avatar":"https://static.tigerbbs.com/dd4e09038044887c08337f0d263b9446","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581627611317712","authorIdStr":"3581627611317712"},"htmlText":"My god","listText":"My god","text":"My god","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091283712","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091289755,"gmtCreate":1643872974556,"gmtModify":1676533866476,"author":{"id":"3585533321890062","authorId":"3585533321890062","name":"Keatchong","avatar":"https://static.tigerbbs.com/962d8182c1d59790b14d50d1b5eb494f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3585533321890062","authorIdStr":"3585533321890062"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091289755","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091289836,"gmtCreate":1643872631762,"gmtModify":1676533866468,"author":{"id":"4103879019949960","authorId":"4103879019949960","name":"LunaticETF","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4103879019949960","authorIdStr":"4103879019949960"},"htmlText":"Oh yes, sark went up&nbsp;[Facepalm]&nbsp;","listText":"Oh yes, sark went up&nbsp;[Facepalm]&nbsp;","text":"Oh yes, sark went up [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091289836","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091217801,"gmtCreate":1643871783262,"gmtModify":1676533866428,"author":{"id":"3559010612771511","authorId":"3559010612771511","name":"JediTrader","avatar":"https://static.tigerbbs.com/940c9660c6270f931bf7f24299288ac1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559010612771511","authorIdStr":"3559010612771511"},"htmlText":"cathie maybe shorting these stock behind our back, no body KNOWS","listText":"cathie maybe shorting these stock behind our back, no body KNOWS","text":"cathie maybe shorting these stock behind our back, no body KNOWS","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091217801","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091217136,"gmtCreate":1643871715318,"gmtModify":1676533866429,"author":{"id":"3559010612771511","authorId":"3559010612771511","name":"JediTrader","avatar":"https://static.tigerbbs.com/940c9660c6270f931bf7f24299288ac1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559010612771511","authorIdStr":"3559010612771511"},"htmlText":"cathie wood 🤦🏻‍♂️","listText":"cathie wood 🤦🏻‍♂️","text":"cathie wood 🤦🏻‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091217136","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091217028,"gmtCreate":1643871657064,"gmtModify":1676533866421,"author":{"id":"3581954490902139","authorId":"3581954490902139","name":"LixNg","avatar":"https://community-static.tradeup.com/news/5b411bfaae14b78a825f86e9743f7625","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581954490902139","authorIdStr":"3581954490902139"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091217028","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091215201,"gmtCreate":1643871379914,"gmtModify":1676533866411,"author":{"id":"3583556881329786","authorId":"3583556881329786","name":"JayNayHayDay","avatar":"https://community-static.tradeup.com/news/26183a01265133621dca5960756230da","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":6,"crmLevelSwitch":1,"idStr":"3583556881329786","authorIdStr":"3583556881329786"},"htmlText":"Ohwell","listText":"Ohwell","text":"Ohwell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091215201","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091218459,"gmtCreate":1643870426472,"gmtModify":1676533866181,"author":{"id":"3576139359058481","authorId":"3576139359058481","name":"AmitS","avatar":"https://static.tigerbbs.com/30b36e4e0298251a0c7c51af5f6291d0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576139359058481","authorIdStr":"3576139359058481"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091218459","repostId":1163532013,"repostType":4,"repost":{"id":"1163532013","pubTimestamp":1643857883,"share":"https://ttm.financial/m/news/1163532013?lang=&edition=fundamental","pubTime":"2022-02-03 11:11","market":"us","language":"en","title":"Cathie Wood Sells $21M In PayPal Amid Stock Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1163532013","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal ","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Investment Management</b> on Wednesday rushed to cut most of its exposure in <a href=\"https://laohu8.com/S/PYPL\"><b>Paypal Holdings Inc</a></b> after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $<b>Block Inc(</b>SQ) instead.</p><p>The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.</p><p>Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.</p><p>The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $<b>Ark Fintech Innovation ETF(</b>ARKF)$. No other Ark Invest ETF owns shares in Paypal.</p><p>The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.</p><p>The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.</p><p>PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.</p><p>Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.</p><p>PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.</p><p>Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in <b>Jack Dorsey&#39;s</b> Block, which is working on decentralizing <b>Bitcoin</b> BTC mining, on the dip.</p><p>ARKF, the <b>Ark Innovation ETF</b> and the <b>Ark Next Generation Internet ETF</b> own shares in Block.</p><p>Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.</p><p>Here are a few other key Ark Invest trades on Wednesday:</p><ul><li>Sold 722,327 shares — estimated to be worth $26.4 million in $<b>Twitter Inc(</b>TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.</li><li>Bought 19,038 shares — estimated to be worth $3.56 million — in $<b>Coinbase</b> <b>Global Inc.(</b>COIN)$ Shares closed 5.24% lower at $187.37 a share.</li></ul></body></html>","source":"lsy1606299360108","collect":0,"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 Sells $21M In PayPal Amid Stock Crash</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; 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}\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 Sells $21M In PayPal Amid Stock Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","SQ":"Block","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","PYPL":"PayPal"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25386109/cathie-wood-sells-21m-in-paypal-amid-stock-crash-loads-up-heavily-in-this-fintech-rival","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163532013","content_text":"Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival $Block Inc(SQ) instead.The popular money managing firm sold 158,126 shares — estimated to be worth $20.9 million — in Paypal.Shares of the company recorded its worst sell off on Wednesday to close 24.6% lower at $132.57 a share.The St. Petersburg, Florida-based money managing firm sold shares in Paypal via the $Ark Fintech Innovation ETF(ARKF)$. No other Ark Invest ETF owns shares in Paypal.The popular asset management firm held 161,778 shares — worth $28.44 million—  in Paypal, prior to Wednesday’s trade.The latest share sale indicates Ark Invest now owns just about 3,000 shares in Paypal.PayPal said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.Paypal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company said it expects 2022 revenue growth between 15% and 17%, below its guidance 18% that it provided earlier.PayPal expects adjusted full-year 2022 earnings to be in the range of $4.60 to $4.75 per share.Ark Invest also bought 549,034 shares — estimated to be worth $62.6 million — in Jack Dorsey's Block, which is working on decentralizing Bitcoin BTC mining, on the dip.ARKF, the Ark Innovation ETF and the Ark Next Generation Internet ETF own shares in Block.Ark Invest has in the recent past been piling up shares in Block, renamed from Square, and held 6.14 million shares — worth $784.7 million — prior to Wednesday’s trade.Here are a few other key Ark Invest trades on Wednesday:Sold 722,327 shares — estimated to be worth $26.4 million in $Twitter Inc(TWTR)$. The stock shares closed 4.2% lower at $36.5 a share on Wednesday.Bought 19,038 shares — estimated to be worth $3.56 million — in $Coinbase Global Inc.(COIN)$ Shares closed 5.24% lower at $187.37 a share.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":440,"commentSize":106,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}