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ARK Invest buys 9.1 million dollars of Robinhood shares in largest purchase since April after prediction markets topped crypto revenue, CoinDesk reports
- ARK Invest buys 9.1 million dollars of Robinhood shares in largest purchase since April after prediction markets topped crypto revenue, CoinDesk reports — Cathie Wood's ARK Invest bought about 9.1 million dollars of Robinhood shares on Wednesday, its largest purchase of the stock since April 29, reversing about 47.5 million dollars of selling from October 6 to 9. The move followed Robinhood's third quarter, in which crypto revenue fell 55 percent to 120 million dollars while prediction markets brought in 173 million dollars. (CoinDesk)
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