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Cathie Wood-led Ark Invest on Monday reduced its exposure in Netflix Inc (NASDAQ: NFLX) by 12.3%, as it shed 14,762 shares — estimated to be worth about $7.68 million — in the online video streaming service. Netflix shares, which have slipped 3.4% so far this year, closed marginally lower at $519.97 on Monday.
...read full article on Benzinga