Cathie Wood’s ARK $21M Block buy wasn’t as bullish as it looked

Ark Invest, with its co-founder and chief executive officer (CEO) Cathie Wood, purchased almost $21 million in Block shares on Thursday after the company’s stock dropped by over 6%. At first sight, this might seem like an apparent expression of confidence in the fintech firm run by Jack Dorsey. However, rules established by Ark with...