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Sherlynkyt
Sherlynkyt
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2021-06-25
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Sherlynkyt
Sherlynkyt
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2021-06-23
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Cathie Wood Piles Up Shares In Alibaba, Rival Pinduoduo, Trims Snapchat, Pinterest
Cathie Wood-led Ark Investment Management on Monday snapped up 35,022 shares, estimated to be worth
Cathie Wood Piles Up Shares In Alibaba, Rival Pinduoduo, Trims Snapchat, Pinterest
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2021-06-20
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Ark also holds shares of the Jack Ma-led company via Ark Fintech Innovation ETF(NYSE:ARKF).\nThe investment firm also snapped up 95,137 shares in Alibaba rival Pinduoduo Inc(NASDAQ:PDD), estimated to be worth about $11.49 million.\nPinduoduo shares closed 3.3% lower at $120.78 on Monday.\nArk deployed ARKF to buy the shares of Pinduoduo. The investment firm also holds shares of the company via the Ark Next Generation Internet ETF(NYSE:ARKW).\nThe Shanghai-based company is known to be China's largest agriculture-based platform and had last year launched Duo Duo Grocery, a next-day grocery pickup service. Farmers list their fruits and vegetables for direct sale to consumers.\nThe New York-based investment firm sold 360,507 shares, estimated to be worth about $22.93 million in Snapchat parent Snap Inc(NYSE:SNAP) on the day shares of the social media company fell.\nSnap shares closed 0.7% lower at $63.60 on Monday.\nWood’s firm sold the shares in Snap via ARKF and also holds shares of the social media company via ARKW.\nThe popular investment firm sold 321,235 shares, estimated to be worth about $22.85 million, in the social media company Pinterest Inc(NYSE:PINS).\nPinterest shares closed 4% lower at $71.14 on Monday. 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