China tech clampdown now targets edutech and market abuses lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
.
The New York-based Ark Invest also snapped up 604,038 shares, estimated to be worth about $29.52 million, in sports betting company
DraftKings Inc (NASDAQ:DKNG).
Shares of the Boston, Massachusetts-based company closed 6.68% higher at $48.88 on Wednesday amid the non fungible token (NFT) marketplace launch.
The popular ETF money manager deployed ARKK and ARKW to buy the shares in DraftKings on Wednesday and also holds the stock via the
Ark Fintech Innovation ETF (NYSE:ARKF).
On a consolidated basis, Ark held 12.48 million shares, worth $571.99 million, in DraftKings, ahead of Thursday’s trade.
Ark Invest also bought 133,258 shares, estimated to be worth about $47 million, in
Bitcoin Crashing Below $30K Not Enough To Deter Cathie Wood — Ark Adds Another $31M In Coinbase, $3 4M In GBTC benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Share:
Uber Technologies Inc (NYSE: UBER) and
LYFT Inc (NASDAQ: LYFT) over
Tesla Inc (NASDAQ: TSLA).
What Happened: Wood, CEO of New York-based Ark Invest, said in a tweet Saturday night that Uber and Lyft missed out on a data opportunity that ties in to AI and which companies will most benefit from it.
Wood said the ride-sharing companies stayed private too long and lost the plot. They could have incentivized their drivers to put sensors on their cars and collect data much faster than even $TSLA.
$UBER and $LYFT stayed private too long and lost the plot. They could have incentivized their drivers to put sensors on their cars and collect data much faster than even $TSLA. Autonomous is an AI project. The winners will have the most high quality data and the best AI expertise https://t.co/oHCQv2sGlw
Cathie Wood: Uber And Lyft Missed The Boat marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.