Odaily News Cathie Wood's Ark Investment Management is reducing its stake in Meta Platforms (META.O) for the first time in about a year, the latest sign of ill-fated U.S. big tech stocks. Wood's flagship ARK Innovation ETF sold 12,595 shares of Meta on March 17 and 2,160 shares on Tuesday, the first time the company has sold shares in the company since at least March last year. As of December 31, Ark funds held more than 460,000 shares of Meta. They have been buying the stock for most of last year. Wood's share reduction highlights the pressure facing the seven largest technology companies, which have lost momentum recently. (Jinshi)