Cathie Wood Bets Big On Meta

Ark Funds bought 43,833 shares of Meta Platforms between October 28 and 30. As of October 30, these shares were worth approximately $25.9 million.

Meta released its third-quarter earnings on October 30. Earnings per share reached $6.03, exceeding analysts' expectations of $5.25, and revenue for the quarter reached $40.59 billion, up 19% year-on-year, exceeding expectations of $40.29 billion. However, Meta reported slightly lower-than-expected user growth. Daily active users reached 3.29 billion, up 5% year-on-year, slightly lower than analysts' expectations of 3.31 billion.