10 Aug Fund Managers Weigh in on Facebook and Libra, Its Cryptocurrency
[ad_1]
Photograph by Neon Brand
Text size
shares rebounded after the week’s turbulence and, at a recent $190 and change, are up 45% this year. That’s despite a raft of questions around data-privacy issues, election interference, fake news, and a recent settlement with the Federal Trade Commission, plus ongoing antitrust probes.
One big reason: its plan for the cryptocurrency Libra, and a new subsidiary called Calibra that will provide a digital wallet for Libra starting next year, allowing you to send the cryptocurrency to almost anyone with a smartphone. Cathie Wood of ARK Investment Management—which manages
American Beacon Ark Transformational Innovation
(ticker: ADNIX) and a number of exchange-traded funds, including the ARK Fintech Innovation ETF…
[ad_2]
Source link