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Cathie Wood’s ARK Goes All-In: Drops $9.4M on eToro’s Rocky Market Debut
Cathie Wood’s ARK Goes All-In: Drops $9.4M on eToro’s Rocky Market Debut
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ARK Invest just doubled down on retail trading—buying $9.4M of eToro shares during its chaotic first trading day. Because nothing says ’conviction’ like catching a falling knife.
Behind the move: Wood’s team keeps betting on fintech disruption, even as traditional brokers laugh all the way to the bank. The play? A long-game wager that commission-free trading will gut old-school finance.
Reality check: eToro’s debut price swung wildly—proving once again that IPOs are just institutional pump-and-dump schemes with a fancy prospectus.
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