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2021-03-11

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Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox

Digital games firm jumps in early trading as Ark reveals stake Wood’s funds have struggled amid tech

Cathie Wood’s Magic Touch Lives On as Ark Stake Boosts Roblox

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The New York-based firm lists the market value of the stake as a little over $36 million.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a7cda7e86ceb205b99f43f565fd88e\" tg-width=\"837\" tg-height=\"470\"></p>\n<p>It’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.</p>\n<p>Roblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.</p>\n<p>The company, based in San Mateo, California, is <a href=\"https://laohu8.com/S/AONE\">one</a> of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.</p>\n<p>ARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.</p>","source":"lsy1584095487587","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’s Magic Touch Lives On as Ark Stake Boosts Roblox</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Magic Touch Lives On as Ark Stake Boosts Roblox\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 22:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","ARKW":"ARK Next Generation Internation ETF","RBLX":"Roblox Corporation","ARKK":"ARK Innovation ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-11/roblox-extends-surge-as-cathie-wood-s-ark-invest-takes-a-stake?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118981027","content_text":"Digital games firm jumps in early trading as Ark reveals stake\nWood’s funds have struggled amid tech selloff in recent weeks\n\nA rough period of performance for Cathie Wood hasn’t diminished her ability to supercharge a stock’s fortunes, if Roblox Corp. is anything to go by.\nThe newly-listed digital games company jumped in early trading on Thursday, set to build on a stellar first-day rally after Wood’s Ark Investment Management revealed that it took a stake in the firm.\nThe $7.1 billion ARK Next Generation Internet exchange-traded fund (ticker ARKW) purchased more than 500,000 Roblox shares, according to the latest data on Ark’s website. The New York-based firm lists the market value of the stake as a little over $36 million.\n\nIt’s another good sign for Wood, whose funds have been recovering after they were caught in a broad tech selloff that spurred three weeks of losses. At the height of the frenzy surrounding Ark in recent months, the firm fueled rallies in the likes of DraftKings Inc. after announcing stakes and even triggered gains for competitors by revealing plans for a space ETF.\nRoblox was 13% higher at $78.50 as of 6:19 a.m. in New York, after a 54% surge in its debut on Wednesday.\nThe company, based in San Mateo, California, is one of a handful to have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. Roblox has seen its revenue and valuation swell as the pandemic kept people at home and in search of entertainment.\nARKW climbed 3.9% in the pre-market. Wood’s flagship fund, the ARK Innovation ETF (ARKK) rose 4.3%. It posted the biggest jump on record earlier this week amid a rebound of tech shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":503,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}