Cathie Wood explains why she's been selling Twitter amid Elon Musk board drama

Published Tue, Apr 12 20225:03 PM EDTUpdated Tue, Apr 12 20225:25 PM EDT

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.

Eva Marie Uzcategui | Bloomberg | Getty Images

ARK Invest founder and CEO Cathie Wood said Tuesday she's been lowering her Twitter stake following the recent drama this year surrounding its management and board of directors.