Cathie Wood Doubles Down On Growth Stocks After Fund Loses A Fifth Of Its Value In 2021

The founder and CEO of Ark Invest purchased roughly 1.2 million shares of daily fantasy and sports betting operator DraftKings on Tuesday, a position worth just over $30 million.

So far this year, Wood also bought nearly 400,000 shares of popular stock trading app Robinhood while offloading around 360,000 shares of social media platform Twitter.

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Forbes /  🏆 394. in JP

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