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The Twitter logo is seen on a phone.

Alastair Pike/AFP via Getty Images

Cathie Wood’s ARK exchange-traded funds purchased nearly 1.05 million shares of


Twitter

on Tuesday, before the social media company reported that third-quarter revenue jumped 37% from a year earlier. 

Wood’s 

ARK Innovation ETF
purchased 948,826 shares of


Twitter
,
while the 

ARK Next Generation Internet ETF
bought 97,718 shares, according to the daily trades posted by the ARK funds. Twitter closed Tuesday at $61.43, down 1.1%.

The stock was rising 1.9% in premarket trading Wednesday to $62.59 after Twitter (ticker: TWTR) said revenue and monthly active users rose and the impact of Apple‘s (AAPL) advertisement-tracking change on its sales was lower than it anticipated. 

The ARK Innnovation ETF and the

Ark Fintech Innovation ETF
also bought a combined 625,995 shares of


Robinhood Markets

(HOOD), which was falling 10.8% in premarket trading to $35.30 after reporting that more users left the app or sold off their holdings than opened new accounts in the latest quarter.

Three of the funds managed by Wood sold a combined 127,615 shares of


Tesla

(TSLA) on Tuesday. Shares of the electric vehicle giant declined 0.6% on Tuesday after soaring Monday on news that


Hertz Global

would be buying 100,000 Tesla cars.

Write to Joe Woelfel at [email protected]

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