Cathie Wood's Ark Invest Trimmed Its Stake in SoFi Technologies. Here Are 3 Possible Reasons Why.

Wood and Ark Invest are well-known for investing in disruptive technology companies.Cathie Wood, the CEO of investment firm Ark Invest, has long made a name for herself by making bold bets on technology companies that can significantly disrupt various industries. So it's not surprising to see Wood interested in SoFi Technologies (SOFI 1.49%). SoFi went public through a special purpose acquisition company in 2021, with plans to disrupt the banking space by offering consumers a branchless, one-stop shop that ...