To be fair, Ark isn't doing so hot. So I wouldn't be concerned much about what Cathie "God wanted me to create an ETF and told me about it as a child" Wood thinks or does, when it comes to financial performance of tech companies.

Here is the yearly performance for every single fund that Ark is running. Keep in mind that some of them have existed for barely a year if that, but the point still stands.

ARKK (ARK Innovation ETF) - 54% down.

ARKW (ARK Next Generation Internet ETF) - 50% down.

ARKG (ARK Genomic Revolution ETF) - 53% down.

ARKQ (ARK Autonomous Tech. & Robotics ETF) - 25% down.

ARKF (ARK Fintech Innovation ETF) - 53% down.

ARKX (ARK Space Exploration & Innovation ETF) - 18% down.

I am not trying to attribute such performance exclusively to poor decisions, not at all. There is definitely a good amount of unforeseen circumstances that drove ARK ETFs down. But it is difficult to consider ARK's actions as a good source of predictions for tech companies they get involved with, given that 4 out of 6 of their funds are over 50% down in a year, and the rest are still down by a significant amount.

Cathy seems to eat up a lot of completely out there stuff like no tomorrow. Lesson I learn from Ark is that don’t trust tech ETFs by people who are not actually in tech. It’s like investing in VC who has never spent time building actual product as entrepreneur and engineer. It’s also fascinating to see their fall from the sky. Just couple of years ago, every finance guru invited Cathy on their shows and asked for her wisdom. Everyone thought she had managed to get that magic bullet.

Too early to say. He bought, pumped, and has set up an excuse to dump. To go against the trend, he would have to hold. That remains to be seen.

Do you really think Elon Musk cares about potentially making about 100 million on a pump and dump scheme? He’s worth 240 billion

Yes. Not only does he get $100M for a few tweets and talks with an accountant, he gets to hurt people he doesn't like, and he builds his reputation as one who plays hardball.

If the bid is rejected the price of the shares would probably go below his initial purchase price in the shares...so he'd likely lose money.

See Musk's net worth. It's entirely possible that whatever the loss is, it's an entertainment expense in his mind for a vanity project, a bit of spite, and perpetuating his reputation.

He can keep the circus going long enough to significantly sell into it, if he hasn't already started. He's really good at that.

He's risked more for less in the past. Does Elon strike you as being acting purely from a place of logic and reason? If so you might be the only one to think so.

I don't think he is. He stated that he doesn't see a future for Twitter with current management.