Zhitong Financial APP learned that wooden sister Casey Wood, once known as the goddess of Wall Street, is on the social media platform.$Twitter (TWTR.US) $The sell-off of the company's shares intensified before the results were announced. It is reported that the company will release its latest quarterly results after Thursday's trading.

Wood's ARK Investment Management LLC sold nearly 4 million Twitter shares this week, the most in a single day since May, according to trading data collected by the media. Among them, Wood's flagship fund, ARK Innovation ETF, sold 3.66 million Twitter shares on Monday, while ARK Next Generation Internet ETF sold more than 280000 Twitter shares. Based on Monday's closing price, the amount involved was $142 million.

At the same time, with the announcement of the performance of social media peers, the sector has been mixed. It is reported that Meta Platforms (FB.US) suffered the biggest one-day slump in history last week because of stagnant growth of its base users. Snap Inc Inc. (SNAP.US) reported quarterly revenue that beat Wall Street expectations, followed by the stock's biggest one-day gain since going public.

In February this year, Ark ETF began to accelerate the sale of Twitter shares.

ARK has been selling Twitter shares almost every week since the end of December, but the pace of selling has accelerated this month. In addition to Monday, ARK sold more than 700,000 shares and more than 2 million Twitter shares on Feb. 2 and Feb. 3, respectively.

Wood has repeatedly stressed that the duration of ARK's investment is at least five years, and the volatility of the stocks they choose is expected. ARK's flagship fund had an impressive performance in 2020, and its market capitalization rose by nearly 150 per cent. But the fund has struggled over the past year after investors in the market began to sell expensive technology stocks and invest in cyclical companies that are expected to benefit more from the economic recovery. In addition, it is understood that in January this year, the fund began to frantically copy the bottom line of the brokerage Robinhood (HOOD.US).