(Post 203/Yr 6) ARK Investment Management Daily Trades 6/6/2022[Buying Roku , Tesla and selling Spotify and SEA LTD at a loss!? ]
By Sonicericsg  •  June 7, 2022
Short summary of Ark trades for 6/6/2022 Ark invest is still buying Tesla following their previous purchase around a week ago; it is presently trading in the low 700s. Moreover, Ark Invest has continued to acquire ROKU following their recent purchase last week, despite the fact that there is a divided opinion among Ark Invest redditors as to whether it is a smart investment or not due 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 the advertisements in it, while other behemoths, such as Google and Apple, have other sources of revenue....
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).

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