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Cathie Wood’s ARK Invest Drops $9.4M on eToro Shares—Just in Time for Its Rocky Market Debut
Cathie Wood’s ARK Invest Drops $9.4M on eToro Shares—Just in Time for Its Rocky Market Debut
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ARK Invest just doubled down on retail trading—buying $9.4M of eToro stock as the platform hit public markets. Because nothing says ’conviction’ like buying into a company whose last private valuation got slashed by 35%.
Key details: The purchase came via ARK’s Fintech Innovation ETF (ARKF), adding to its existing stake. eToro’s debut was... underwhelming, with shares barely budging. But hey, at least someone’s still betting on the ’democratization of finance’ narrative.
Bottom line: When Wall Street zigs, Cathie Wood buys. Whether that’s genius or desperation depends entirely on your tolerance for volatility—and your faith in meme-stock traders sticking around for the long haul.
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