Ark Invest’s Cathie Wood Doubles Down On Yahoo Japan Operator After A Year-Long Hiatus
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Benzinga
Benzinga
The renowned investor, Cathie Wood, has recently dipped back into LY Corp. (OTC:YAHOY), the Yahoo! Japan operator, after more than a year. What Happened: Wood’s investment fund, Ark Fintech Innovation ETF (NYSE:ARKF), acquired about 1.71 million shares of LY Corp last week, according to trading data from Ark Investment Management LLC. LY Corp, a major player in digital communication services in Japan, is mostly owned by a joint venture comprising SoftBank Group Corp and South Korea’s Naver Corp, reported Bloomberg. See Also: Jimmy Fallon Strikes Marjorie Taylor Greene With Cutting Remark Despi…