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ARK Innovation ETF (NYSEArca: ARKK) is known for being one of the more compelling plays on electric vehicle adoption, owing to its large exposure to Tesla. Now, ARKK could be capturing some political benefits too.
“Companies within ARKK include those that rely on or benefit from the development of new products or services, technological improvements and advancements in scientific research relating to the areas of DNA technologies (‘Genomic Revolution’), industrial innovation in energy, automation, and manufacturing (‘Industrial Innovation’), the increased use of shared technology, infrastructure and services (‘Next Generation Internet’), and technologies that make financial services more efficient (‘Fintech Innovation’),” according to ARK Invest.
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Inside the race to carve up the free web As public perception of Big Tech shifts, politicians are developing competing models for the future of the internet. Chris McGrath/Getty Images In the early days of social media, digital platforms were touted as a tool for democracy. The post-election protests in Iran in 2009 were dubbed the “Twitter revolution”, while Facebook proved indispensable in 2011 during the Arab Spring. In recent years, however, public perception has shifted. “Our collective understanding of these tools has swung on this pendulum from thinking that social media was going to bring about democratisation, to all of a sudden thinking that social media is destroying our democracy,” says Adrian Shahbaz, director for technology and democracy at US non-profit Freedom House. “As governments have understood how powerful these tools can be, we have seen a majority of governments pass laws to regulate them in a way that curtails free expression