Problems at an ARK Invest Favorite
Today, The Bear Cave is diving into an ARK Invest favorite that has attracted widespread retail enthusiasm on the back of bold promises around innovation. In reality, The Bear Cave believes this company is all bark, no bite. This company is spending money on some of the most eyebrow-raising celebrity partnerships in the public markets and one former employee said they “felt sold on something more than what I witnessed.”
Cathie Wood predicted this stock could compound at over 80% in the coming years. The Bear Cave believes this company is headed for a crash landing. Let’s dig in.