SOFI - Cathie Wood Prop For Roku? Ark Swoops Up $107.5M Worth Of Shares After 24% Plunge But Sells These 2 Crypto-linked Stocks (CORRECTED) | Benzinga
Editor’s note: An earlier version of this story incorrectly identified a sticker used by Robinhood Markets Inc. The error is regretted.
Streaming device manufacturer Roku, Inc.’s (NASDAQ:ROKU) shares took a tumble on Friday after the company reported a year-over-year decline in fourth-quarter average user spending and issued disappointing guidance for the first quarter. Undeterred by the sell-off, Cathie Wood’s Ark Invest significantly increased its exposure to the company.
Ark Goes Roku Shopping: Ark, through three of its actively-managed exchange-traded funds, the Ark Innovation ETF (NYSE:ARKK), Ark Next Generation Internet ETF (NYSE:AKRW) and Ark Fintech ...