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Benzinga
Benzinga
Business
Rachit Vats

SHOCKING: Cathie wood cuts twitter stake by 5 3m amid takeover bids from elon musk others - What They Never Told You

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

Cathie Wood-led Ark Investment Management on Tuesday sharply trimmed its Twitter Inc (NYSE:TWTR) stake as the microblogging site faces buyout bids from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and other private equity firms.

The St. Petersburg, Florida-based money managing firm sold 114,576 shares, estimated to be worth $5.28 million, in the social media company.

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