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Cathie Wood’s Ark Invest buys $21 million in Block as stock drops 6%
The Block·August 7, 2026·1 min read
Cathie Wood's Ark Invest bought $21 million in Block as its stock fell 6.15% on Thursday. Block posted rising operating expenses in Q2 despite cutting 40% of its workforce in February. The investment comes amid a stock price decline for the payments company.
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