Cathie Wood Sees Potential for Twitter Shakeup After Musk Takes Stake

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By Elaine Chen and Isabelle Lee

April 4, 2022 at 9:50 PM UTC

This article is for subscribers only.

Cathie Wood speculated that Elon Musk’s new ownership stake in Twitter Inc. might open the door to a management shakeup at the social media company.

Musk is sending a “strong signal” to Twitter chief executive officer Parag Agrawal, Wood, the founder and chief executive officer of Ark Investment Management LLC, said in an interview on Bloomberg Radio. “This could be setting up for another leadership change,” she said. Agrawal replaced founder Jack Dorsey in November.