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The Street
The Street
By Dan Weil Ark on Wednesday bought 454,667 shares of Roblox as the stock slumped 27% after a weaker-than-expected earnings report. Star investor Cathie Wood once more is trying to catch the falling knife, continuing her recent purchases of technology-company shares that are under pressure. On Wednesday it was online videogame platform Roblox (RBLX) – Get Roblox Corp. Class A Report. Exchange-traded funds managed by Wood’s Ark Investment Management bought 454,667 shares of the San Mateo, Calif., company, as the stock slumped 27% after a weaker-than-expected earnings report. Ark’s flagship fund…