Ark Invest

From ARK Invest's Twitter:

CNBC may have a 40 minute time horizon, but ARK's is 5 years. Thanks for having us on CNBC, we're happy to pay for your upgraded Zoom account. You can't be a knowledge worker without it! 😉

This is after Cathie Wood's 40-minute interview on CNBC earlier this morning. During the interview, CNBC's Zoom Account showed a timer warning that their 40-minute mark for their free Zoom subscription call was about to run up.

Zoom is one of the largest positions for Cathie Wood and has been one of her highest conviction names according to recent videos

It seems that there is always a with over 100 thousand viewers of the same Elon Musk/Jack Dorsey interview promoting some bitcoin scam under the channel "Ark Invest"

[Channels are being hacked] () and used to promote this livestream, some of which being

Who is behind all of this and how is it allowed and still happening on Youtube. Also, why is it always repeating the same Elon Musk/Jack Dorsey interview form 2021? Is Ark Invest behind this or is it someone else using that companies name?

Cathie Wood of Ark Invest said that by 2030, Ethereum's market value could reach $20 trillion.

At the moment, ETH is worth about $400 billion on the market. By 2024, it will be worth almost $500 billion.

Every ETH token would be worth about $166,000 if the market value reached $20 trillion.

To be exact, a $1,000 investment would be worth $54,330. You would get $543,300 for your $10,000 investment.

Of course, these huge profits might not happen, but Wood says it's possible.

Source:

Take a look:

Price of ARKK on 10/14/2020: $104.83
Price of ARRK on 10/14/2023: $37.77

Considering their performance since this has to be a prime example of agedlikemilk material. She was pretty much the face of the bull run mostly based on a crazy call with Tesla that ended up materializing I wonder if she’ll ever be able to regain her prominence even if the market ends up recovering.

This is despite the stock's positive movement on the same day.

News source:

Does Hopium Wood not believe the hopium she spews, or is it all just smoke from Morning Wood?

Saw an interesting article (blog) on ARK's potential vulnerability to being targeted by hedge funds looking to force liquidation on its positions.

TLDR on the thesis as I understand it:

• ARK has grown massively over the last year and now holds a 15%+ stake in ~11 small, less liquid companies

• Those 11 illiquid companies have been getting absolutely hammered over the past few days (down an average of 15-20% in the last 2 days alone)

• If ARK funds continue to fall, investors may pull out their money (net outflows), forcing ARK to sell stock to cover redemptions and further depressing share prices

• Hedge funds may be waking up to the opportunity to take short positions in these illiquid companies, accelerating the downward spiral of poor performance for ARK leading to redemptions leading to more selling in these names

Source Blog:

What do you all think? Any merit to this or is it just another 🌈🐻 fantasy?

Positions: None at this time, but thinking about puts on either ARK or some of the tickers listed in the article