ArK Invest Sold 5 Million Shares with Tears,Why was Palantir Abandoned?
@Iverson_:
$Palantir Technologies Inc.(PLTR)$, the most mysterious and favored data company in Silicon Valley, backed by government agencies and kept making various big orders, maintained a good growth in 2021. However, its stock price went down all the way, and plunged by 10% again after Q4 financial report yesterday. On that day,Ark Investment Fund sold nearly 5 million shares of Palantir and cashed out about 58 million US dollars, and Arkk's position dropped to 2.06%. Actually, Palantir Q4 results isactually oK, its revenue is in line with expectations, and its revenue from commercial customers is growing at a faster rate, with commercial revenue accounting for more than 40%. However, the lower-than-expected profit still stung the market