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Cathie Wood buys $24. 5 million of tumbling megacap stock

Cathie Wood, chief of Ark Investment Management, often buys her favorite tech stocks when their prices fall. That’s what she’s doing with Meta Platforms (META), adding shares after the Facebook parent’s stock tumbled following its earnings report. Last year, the flagship Ark Innovation ETF gained 35. 49%, far outpacing the S&P 500’s return of 17. 88% in the same period.

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