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Why Fund Managers Still Like Facebook Stock: (ADNIX) - (ARKF)

TedTed
in The Bullpen
FYI: Facebook shares rebounded after the week’s turbulence and, at a recent $190 and change, are up 45% this year. That’s despite a raft of questions around data-privacy issues, election interference, fake news, and a recent settlement with the Federal Trade Commission, plus ongoing antitrust probes.

One big reason: its plan for the cryptocurrency Libra, and a new subsidiary called Calibra that will provide a digital wallet for Libra starting next year, allowing you to send the cryptocurrency to almost anyone with a smartphone. Cathie Wood of ARK Investment Management—which manages American Beacon Ark Transformational Innovation (ticker: ADNIX) and a number of exchange-traded funds, including the ARK Fintech Innovation ETF (ARKF)—is a fan.
Regards,
Ted
https://www.barrons.com/articles/fund-managers-weigh-in-on-facebook-and-libra-its-cryptocurrency-51565387435?mod=djem_b_Weekly barrons_daily_newsletter

M* Snapshot ADNIX:
https://www.morningstar.com/funds/xnas/adnix/quote

M* Snapshot ARKF:
https://www.morningstar.com/etfs/xnas/arkf/quote
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