Sina Technology News On the morning of April 13, Beijing time, it was reported that the "female version of Buffett" Cathie Wood (known as "Wood Sister") made his own comments on the most recent high-profile event on Wall Street: What will Elon Musk do after buying Twitter shares?
The Ark Innovation founder said after attending an industry conference in Miami that Twitter may need to rethink its revenue streams.
"The model may no longer revolve around advertising, but around subscriptions." Wood said, "I don't know exactly what was going on in his head, but one thing is certain, and that's that Twitter shouldn't censor content." I think he felt this very strongly. ”
After Musk announced on April 4 that he was buying a 9.2 percent stake in Twitter, Wood sold off 185,900 shares of Twitter held by the Ark Next Generation Internet ETF fund she manages on April 11. Even so, Twiter still accounts for 1.8 percent of the Ark Next Generation Internet ETF fund's holdings.
Asked why behind the sale, Wood said: "I've been reducing my holdings on Twitter since Jack Dorsey handed over his seal. She was referring to the fact that Twitter co-founder Dorsey stepped down as CEO in November. We know that management is distracted by a lot of things, and the board is distracted by it, with or without Musk. ”
"I think there could be some dramatic effects." She continues, "We don't know if there will be a popular advertising model, a subscription model, or a combination of the two. ”
Twitter shares fell 5.38 percent on the New York Stock Exchange on Tuesday, closing at $44.48.