The ARK Holdings selection refers to a family of exchange traded funds (ETFs) managed by ARK Investment Management LLC (ARK). ARK was founded in New York City in 2014 by Cathie Wood, a prominent investor known for her bullish stance on technology stocks. The firm's investment philosophy is centered around identifying disruptive technologies and investing in companies that are positioned to benefit from these trends. The ARK ETFs have gained attention from investors and analysts due to their strong performance and unique investment approach. ARK currently has eight ETFs: ARKK, ARKW, ARKG, ARKQ, ARKF, ARKX, PRNT, LZRL.
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Databricks completed a $10 billion financing with Meta joining in. The founder stated that an IPO might occur in a year.
Databricks announced on Wednesday that Meta has become one of its investors, participating in the recent funding round totaling 10 billion dollars. The company also disclosed a 5.25 billion dollar Crediting facility led by JPMorgan. After this round of financing, Databricks' valuation has reached 64 billion dollars.
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