TechFlow news — Cathie Wood, known as the "Wall Street female stock goddess," speculated that after Tesla CEO Elon Musk acquired a stake in the social media company Twitter, he might open the door to a management overhaul at the company.
Cathie Wood, founder and CEO of Ark Investment Management LLC, said in an interview that Musk is sending a "strong signal for management restructuring" to Twitter CEO Parag Agrawal, which could lead to changes in leadership.
She also stated on Monday, "We believe the market has already priced in the impact of Federal Reserve rate hikes. If you look at the yield on two-year U.S. Treasury bonds, you'll see that the rate hike trend has already been reflected in prices."
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