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Discover Cathie Wood’s Recent $140 Million Purchase of a Thriving Growth Stock!

In this video, the speaker discusses how investment firm Ark Invest has recently purchased $140 million worth of stock in a social media company that is experiencing growth. The company in question is Snap, the parent company of Snapchat. Despite initial skepticism, the speaker acknowledges that Snap has shown significant growth in the past few years, with a 22% increase in daily active users and a 62% jump in revenue in the fourth quarter. However, the company is still not profitable and faces potential challenges from advertising interruptions and Apple’s privacy changes. The speaker personally does not find Snap to be an appealing investment option but acknowledges that it could have potential.

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