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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trims Twitter Stake By $8.7M As Elon Musk Declines Board Seat

Twitter Inc. Elon Musk NYSE ARK Ark Invest Ark Investment Nasdaq Tesla Inc.

Cathie Wood’s Ark Investment Management on Monday lowered its exposure to Twitter Inc (NYSE:TWTR), a day after billionaire entrepreneur and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk decided not to join the microblogging company’s board.

Ark Investment sold 185,900 shares, estimated to be worth $8.74 million, in the social media company.

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