
Ark Invest, the fund run by Cathie Wood, has been gradually trimming its position in Twitter, Inc. (NYSE:TWTR) since the start of the year. The fund manager on Tuesday provided insights into the logic behind the Twitter liquidations and what it would take for the social media platform to reinvigorate growth.
What Happened: Ark Invest has been scaling back its Twitter holdings ever since co-founder Jack Dorsey gave up the role of CEO, Wood said in an interview with CNBC.