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Shares in the social media company reversed an earlier 5.8 per cent gain to fall 2.6 per cent amid a market selloff as the U.S. It was Ark’s first purchase of Twitter in about a month. after the stock slumped to its lowest in a year amid founder Jack Dorsey’s move to step down as chief executive officer.ĪRK Investment Management, which is already one of the largest shareholders of the social-media platform, bought about 1.1 million shares in Twitter on Tuesday to mark its biggest one-day purchase of the stock since July 23. Cathie Wood amped up buying of Twitter Inc.
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