Source:Ark Invest
Short summary of Ark trades for 6/8/2022
Ark invest continue purchasing Roblux as the share price approached its one-year low. Personally, I don't know much about Roblux or Minecraft because I don't play games. However, a notable information of Roblox is that its net income has decreased to -160.2 million in 2022 q1 from -491.7 million in 2021 q4. However, looking over the previous five quarters before 2022 q1, it appears that net income is fluctuating, which is something to be taken into consideration.
Other significant sell are 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....