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Cathie Wood’s Ark Invest Reduces Twitter Valuation by 47% Since Elon Musk’s Takeover, but Remains Optimistic About Its Future Coexisting With Meta’s Threads App

According to Cathie Wood, Twitter's valuation has been reduced by 47% since Elon Musk took the company private in October. Despite this, Wood remains optimistic about Twitter's future and believes that increased competition from Meta could be beneficial. Wood thinks that Twitter and Threads can coexist and that Threads has ignited a competitive spirit at Twitter.

Wood is interested in buying more equity in Twitter but cannot find a seller, which she believes is telling. Since the launch of Threads, TangentMeta's stock has risen by almost 6%, and analysts predict that Facebook could generate several billion dollars in additional revenue in the coming years thanks to its Twitter imitation. One analyst predicts that Meta could be valued at $1 trillion.

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