Cathie Wood’s ARK exchange-traded funds purchased nearly 1.05 million shares of Twitter on Tuesday, before the social media company reported that third-quarter revenue jumped 37% from a year earlier. Twitter closed Tuesday at $61.43, down 1.1%. The stock was falling 7% Wednesday to $57.12 even after Twitter (ticker: TWTR) said revenue and monthly active users rose and the impact of Apple‘s (AAPL) advertisement-tracking change on its sales was lower than it anticipated.

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