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.
Apple Inc (NASDAQ: AAPL) and Netflix Inc’s (NASDAQ: NFLX) are engaged in a bidding war to grab a deal for an upcoming Oscar-winner project starring Jennifer Lawrence, according to a