3 ms·
Ark Extends an Open Letter to the Fed
- senttoschool 4y agoArk has a motive to want lower interest rates. They invested in high-growth companies that rely on low interest rates.
- rvz 4y agoExactly. They are essentially bag holding their investments at the top, Especially Coinbase which they sold some at a loss.
- senttoschool 4y agoFunny thing is, they sold Coinbase at a huge loss recently, then Coinbase doubled shortly after. They're just Wallstreetbets. Ark is a meme at this point. Do I think that technology companies they invested in could win in the long run? Absolutely. But as Peter Lynch once said, there is not difference between being too early and being wrong in investments.