Ark Invest has been steadily trimming its stake in Twitter and appears to be ready to ditch holdings in the microblogging platform altogether — at least for now.
The tech-focused investment management firm’s Chief Executive Officer Cathie Wood told Yahoo Finance in an interview Tuesday that Ark is moving out of social media platforms amid increased competition and chalked up its sales of Twitter (TWTR) stock in particular to the departure of former CEO Jack Dorsey.
“Jack’s leadership was…
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