5/25/2022
Short summary of Ark trades for 5/25/2022
As per the previous summary, Ark invest continues to buy Tesla, despite the fact that it has increase over 4% since the previous summary. Is the $600-$700 price range truly the lowest Tesla will go? Nobody truly knows. On the other hand, Ark Invest has continue to acquire ROKU, which I have previously mentioned is a split consensus among Ark Invest redditors as to whether it is a good investment or not owing to people preferring streaming services such as Amazon, Netflix, and Disney.
Other significant sell are SEA Ltd and Spotify Technology. As mention previously , it's probably due to the low profitability and excessive competition? For instance, both YouTube and Apple Music are offered by Google and Apple as part of its bundles package , whereas Spotify only offer music as part of its service .This mean that Spotify revenue is only obtained through its application and...