Brasilian cryptocurrency-supporting bank backed by billionaire Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) Nubank plans to go public on the Nasdaq stock exchange through an initial public offering.
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Cathie Wood-led Ark Invest on Thursday increased the exposure in Palantir Technologies Inc (NYSE: PLTR) as the shares of the data analytics firm soared amid strong customer growth in its U.S. commercial business reported for the second quarter.
One of Cathie Wood-led Ark Invest's key exchange traded funds on Wednesday nearly trimmed all of its exposure to Netflix Inc (NASDAQ: NFLX) as it sold 1,627 shares, estimated to be worth about $833,674, in the online video streaming service.
What Happened: Cryptocurrencies now trade more volume than the largest public equities in the world, according to research from ARK Investment Management.
Cathie Wood-led Ark Invest on Tuesday further reduced its exposure in Netflix Inc (NASDAQ: NFLX) by about 71% as it shed 75,109 shares — estimated to be worth about $38.74 million — in the streaming video-on-demand service provider.