Cathie Wood's ARK buys 1.1 mn Twitter shares after Dorsey steps down

Cathie Wood's ARK Investment Management bought 1.1 million shares of Twitter, a day after Jack Dorsey stepped down as the CEO of the platform. ARK acquired the shares worth $48.9 million at Tuesday's closing price of $43.94, according to the firm's daily trade report. Shares of Twitter jumped up to 11% on Monday as Dorsey's stepping down news broke.