Cathie Wood's Ark Invest Acquires $7.3M Worth Of Shares In This Promising Netflix Competitor, Sells Off Coinbase Stock Amid Bitcoin Slump – Markets Insider

Cathie Wood’s Ark Invest has recently acquired $7.3 million worth of shares in a promising Netflix competitor. At the same time, they have decided to sell off their Coinbase stock amid a slump in Bitcoin prices. This move shows Ark Invest’s confidence in the potential of this new competitor in the streaming industry. Wood’s investment decisions are closely watched by many in the market, as she has a track record of successful picks. It will be interesting to see how this investment in the Netflix competitor plays out in the coming months.