
Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc (NYSE: TWTR), just days after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk raised about $7 billion to help fund his $44 billion take-private deal of the microblogging site.
St. Petersburg, Florida-based Ark Invest sold 135,163 shares in Twitter, estimated to be worth $6.48 million, as of their last close.