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2021-10-18

Ark's Cathie Wood Disses Meme Stocks, Calls Them 'Dinosaurs'

'I guess the only one people might consider a meme stock that we own, or have ever owned, is Robinho

Ark's Cathie Wood Disses Meme Stocks, Calls Them 'Dinosaurs'

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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\">\nArk's Cathie Wood Disses Meme Stocks, Calls Them 'Dinosaurs'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/cathie-wood-disses-meme-stocks-calls-them-dinosaurs><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>'I guess the only one people might consider a meme stock that we own, or have ever owned, is Robinhood,' investor Cathie Wood says.\nCathie Wood, head of Ark Investment Management, may like some ...</p>\n\n<a href=\"https://www.thestreet.com/investing/cathie-wood-disses-meme-stocks-calls-them-dinosaurs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.thestreet.com/investing/cathie-wood-disses-meme-stocks-calls-them-dinosaurs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114767929","content_text":"'I guess the only one people might consider a meme stock that we own, or have ever owned, is Robinhood,' investor Cathie Wood says.\nCathie Wood, head of Ark Investment Management, may like some speculative technology stocks that others don’t, but that doesn’t include meme stocks.\nVideogame retailer GameStop and movie-theater chain AMC Entertainment are the most famous meme stocks, of course.\n“I guess the only one people might consider a meme stock that we own, or have ever owned, is Robinhood,” Wood said at an investment conference in Australia, according to Bloomberg.\nShe called most meme stocks “dinosaurs.”\nShe and her colleagues seek “the next FAANGs,” she said, referring to Facebook, Amazon, Apple, Netflix and Alphabet’s Google.\nInvestors still underestimate the spectacular growth-rate potential of some technology companies, she said.\nWood repeated her happy talk regarding bitcoin, saying, according to Bloomberg, that it could rise by $500,000 if institutional investors devote 5% of their portfolios to the cryptocurrency.\nBitcoin recently traded at $60,751, up 6%. It has doubled year to date.\nTheStreet.com reported Wednesday that ARK has filed some changes for its ARK Next Generation Internet ETF (ARKW) and has allowed the fund to gain exposure to cryptocurrencies through Canadian bitcoin ETFs.\nWhile the ETF currently does have exposure through Grayscale Bitcoin Trust(GBTC), the new filing said the fund may also gain \"exposure to cryptocurrency, such as bitcoin, indirectly through an investment in a grantor trust or in other pooled investment vehicles, such as exchange-traded funds domiciled in Canada.\"\nArk said it is putting its name on an exchange-traded fund tracking bitcoin futures.","news_type":1},"isVote":1,"tweetType":1,"viewCount":590,"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,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}