A technology fund run by Cathie Wood was a co-investor in Elon Musk’s pricey deal to take Twitter private — and now it’s trying to unload its stake in the struggling social network to retail investors, The Post has learned.
Cathie Wood — a prominent Tesla bull and Musk ally — is partnering with Titan, an investment app that enables retail investors buy into private companies, to sell individual shares in her ARK Venture Fund, which includes a basket of private companies including Twitter, according to an email reviewed by The Post.
“Retail investors can’t just buy the stock on the market anymore,” Titan’s investor relations chief John DeYonker wrote of Twitter, which Musk acquired last month for $44 billion. “But the ARK Invest team was able to negotiate with him for a piece of the company before delisting it.”
Some investors who got the pitch had a different take, guessing that Wood’s bid to sell retail investors a piece of her Twitter investment — a deal which Elon Musk himself admits he overpaid for — is simply a way to clear a bad deal from her books.
“ARK was stupid enough to invest in Elon’s deal and now they’re trying to get…
