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Cathie Wood's ARK buys a million Twitter shares after Dorsey steps down

Reuters2021-12-01

Nov 30 (Reuters) - Cathie Wood's ARK Investment Management bought more than a million shares of Twitter Inc, a day after Jack Dorsey stepped down as the chief executive of the social networking site.

ARK acquired 1.1 million Twitter shares worth $48.9 million at Tuesday's closing price of $43.94, according to the firm's daily trade report. They had lost 3.4% after opening lower.

On Monday, after the company named its technology chief Parag Agrawal as the CEO, the shares had closed down 2.7%.

Ark on Tuesday also bought 837,248 shares of online brokerage firm Robinhood Markets Inc worth $21.7 million. It had on the previous day bought 915,063 shares, taking an advantage of a pullback in shares.

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  • arakom
    ·2021-12-01
    Like pls
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  • NBAl
    ·2021-12-01
    Pump and dump cathie ..
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  • ericchou
    ·2021-12-01
    Like plz
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  • Gee1
    ·2021-12-01
    great
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  • Burpie
    ·2021-12-01
    Like and comment
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    • HHTan
      Liked
      2021-12-01
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    • canoboi
      like
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    • ericchou
      Ok
      2021-12-01
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