AiF insight | Cathie Wood’s Ark funds buy Reddit, Another Round of Harvesting Investors?
- March 22, 2024
- March 22, 2024
Dubbed the "Money Tree" by the public, Cathie Wood purchased Reddit stock on its first day of trading. From AiF's perspective, this appears to be a typical speculative move. Since Reddit can generate traffic and attract attention, it serves as a fertile ground for harvesting investors.
Many revered figures in the public eye know how to leverage Reddit. For example, Elon Musk back in the day.
AiF held a special lecture in 2022 titled "Why You Can Never Beat the House," detailing how these big shots use Reddit to fleece the public.
Related reading:为什么你永远玩不过庄家—GME事件篇 | Ai Financial 基金投资
Related reading:为什么你永远玩不过庄家—特斯拉篇 | Ai Financial 基金投资
Subscribe to Ai Financial Newsletter
Sign up for our weekly stock market update and be the first to know about our webinars.