Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock – Benzinga

Cathie Wood, founder of Ark Invest, has made a significant investment in Meta, formerly known as Facebook, by pouring $19 million into its shares. This move reflects Wood’s confidence in Mark Zuckerberg’s vision for the company. Meanwhile, Ark has decided to sell off its holdings in Palantir and Tesla stocks. Wood’s decision to bet big on Meta shows her belief in the company’s potential for growth in the future.