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Ark Invest Drops $21 Million on Block Stock as Shares Sink 6% After Cost Cuts Backfire
['Sydney Thecmo']
The Currency analytics
Why Ark Invest Sees Value Others Don’tAnd then Ark went and bought $21 million worth of it.
Ark Invest, the fund Wood built around high-conviction bets on disruptive technology companies, didn’t flinch at the selloff.
Ark Invest spent $21 million on Block shares anyway.
Frequently Asked Questions How much did Ark Invest spend buying Block shares?
Ark Invest purchased $21 million worth of Block shares on Thursday, the same day the stock fell 6.15%.