Ark Invest's Cathie Wood Is Blowing up the Investing World

<!DOCTYPE html> <html lang="en-US"> <head> <title>Ark Invest's Cathie Wood Is Blowing up the Investing World — Again - Business Insider</title> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1" > <meta name="title" content="Ark's Cathie Wood changed Wall Street. 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Now, she's set her sights on venture capital.","image":{"@type":"ImageObject","url":"https://i.insider.com/67350c45fa0140cdd563312c?width=1200&format=jpeg","width":1200,"height":900,"caption":"Cathie Wood, chief executive and chief investment officer, Ark Invest."},"name":"Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.","datePublished":"2024-11-13T10:00:02Z","dateModified":"2024-11-13T20:30:14Z","description":"Cathie Wood's Ark Venture Fund aims to disrupt venture capital by granting retail investors access to high-growth startups, tripling assets to $70 million despite lagging S&P 500.","keywords":"ARK Invest, Venture Capital, OpenAI, Anthropic, SpaceX","articleBody":"Cathie Wood attracted billions of dollars with her fresh approach to betting on tech stocks, combining bold calls on the future with the ability for investors to buy and sell in an instant.Wood's effort to do something similar for venture capital has delivered investments in many of Silicon Valley's hottest deals. Though its investors will have to wait much longer before they see any returns.Wood's firm Ark Invest debuted a new closed-end interval fund in 2022, allowing investors to throw as little as $500 into a vehicle that invests in private startups. Investors can buy and sell shares in the fund just as they do with stocks, with some restrictions.\"Our goal here is to provide the best venture portfolio in the world to everyone in the world, not just to the rich and the famous,\" said Brett Winton, who works closely with Wood as chief futurist at Ark Invest and is an architect of the firm's venture capital strategy.The fund, Ark Venture Fund, has now gathered close to $70 million in assets, some distance from venture giants like Sequoia and Andreessen Horowitz, or even Ark's other funds. ARKK, Wood's most famous fund, has $5.8 billion in assets, down from a peak of $50 billion.Despite its small size, the fund has clinched deals to invest in Figure, a Jeff Bezos-backed startup developing humanoid robots, xAI, an artificial-intelligence firm founded by Elon Musk, and OpenAI, the maker of ChatGPT.It raises the question of why aging startups SpaceX, Epic Games, and Databricks, which have raised billions in funding, bother to include Ark in new rounds. SpaceX is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets, worth around $9 million.Winton said it's a subject he's frequently addressed in early meetings with founders.First, Ark produces reams of original research on areas of investment. Winton said this research helps the firm win over teams because it demonstrates a grasp of their breakthrough technologies. \"It means we can engage in really constructive conversations with them about their strategy,\" Winton said.Second, because Ark invests in both the private and public markets, it offers relationships with potential customers across the size spectrum of enterprises.Lastly, unlike a traditional venture fund, which has a fixed lifespan to invest the capital and return the profits to the fund's investors, Ark set up its venture fund to continue indefinitely, allowing investors to enter and exit the fund on a periodic basis.This provides flexibility to hold shares of companies after they go public, which can be particularly attractive for founders who are looking for investors with a long-term outlook and a higher tolerance for market volatility.In October, Ark invested at least $250 million into OpenAI's latest round, which pushed the AI startup's valuation to $157 billion.Most of that investment came from a related private venture fund that's only for high-net-worth investors. 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src="https://i.insider.com/67350c1dfa0140cdd5633119?width=700" srcset="https://i.insider.com/67350c1dfa0140cdd5633119?width=400&format=jpeg&auto=webp 400w, https://i.insider.com/67350c1dfa0140cdd5633119?width=500&format=jpeg&auto=webp 500w, https://i.insider.com/67350c1dfa0140cdd5633119?width=700&format=jpeg&auto=webp 700w, https://i.insider.com/67350c1dfa0140cdd5633119?width=1000&format=jpeg&auto=webp 1000w, https://i.insider.com/67350c1dfa0140cdd5633119?width=1300&format=jpeg&auto=webp 1300w, https://i.insider.com/67350c1dfa0140cdd5633119?width=2000&format=jpeg&auto=webp 2000w" sizes="(min-width: 1280px) 900px" alt="Cathie Wood, chief executive and chief investment officer, Ark Invest." decoding="async" /> </div> <span class="image-source-caption with-caption-drawer"> <input class="caption-drawer-input" type="checkbox" id="caption-drawer-checkbox"> <label class="caption-drawer-label" for="caption-drawer-btn"> <svg class="svg-icon arrow-up-icon caption-drawer-icon" 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headline-semibold" data-e2e-name="image-caption" > <span class="image-caption-text">Cathie Wood, chief executive and chief investment officer, Ark Invest.</span> <span class="image-source-text"> <span class="image-source headline-regular" data-e2e-name="image-source" itemprop="creditText" > <a href="https://www.gettyimages.com/detail/news-photo/cathie-wood-chief-executive-officer-and-chief-investment-news-photo/1239809496?adppopup=true" class="image-source-link not-content-link" rel="nofollow" > Marco Bello/Getty Images </a> </span> </span> </figcaption> </span> </figure> <div class="inline-backup-paywall desktop" data-component-type="inline-backup-paywall" style="display:none"> <span class="headline-semibold subscription-msg">This story is available exclusively to Business Insider subscribers. <a href="/subscription" class="subscription-link">Become an Insider</a> and start reading now.</span> <span class="headline-regular login-prompt">Have an account? <button class="login-prompt-btn">Log in</button>.</span> </div> <div> <section class="post-content typography " data-track-content="" data-post-type="post" > <div id="piano-inline-content-wrapper" data-piano-inline-content-wrapper data-user-status="anonymous" > <div data-component-type="content-lock" data-load-strategy="exclude"> <div class="content-lock-content"> <div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-1" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-1/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-1" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-1/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-1","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-not-lazy="" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><ul class="summary-list"><li>Cathie Wood's Ark Venture Fund allows retail investors to invest in high-growth startups.</li><li>The fund's net assets have climbed to $69 million, roughly tripling year over year.</li><li>Despite growth, the fund lags behind the S&P 500, raising questions about its returns.</li></ul><p><a target="_blank" href="https://www.businessinsider.com/cathie-wood-profile-ark-invest-etf-rise-success-following-tesla-2021-2" data-analytics-product-module="body_link" rel="">Cathie Wood</a> attracted billions of dollars with her fresh approach to betting on tech stocks, combining bold calls on the future with the ability for investors to buy and sell in an instant.</p><p>Wood's effort to do something similar for venture capital has delivered investments in many of Silicon Valley's hottest deals. Though its investors will have to wait much longer before they see any returns.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-2" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-2/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-2" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-2/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-2","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>Wood's firm Ark Invest debuted a new closed-end interval fund in 2022, allowing investors to throw as little as $500 into a vehicle that invests in private startups. Investors can buy and sell shares in the fund just as they do with stocks, with some restrictions.</p><p>"Our goal here is to provide the best venture portfolio in the world to everyone in the world, not just to the rich and the famous," said Brett Winton, who works closely with Wood as chief futurist at Ark Invest and is an architect of the firm's venture capital strategy.</p><p>The fund, Ark Venture Fund, has now gathered close to $70 million in assets, some distance from venture giants like Sequoia and Andreessen Horowitz, or even Ark's other funds. ARKK, Wood's most famous fund, has $5.8 billion in assets, down from a peak of $50 billion.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-3" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-3/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-3" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-3/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-3","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>Despite its small size, the fund has clinched deals to invest in <a target="_blank" href="https://www.businessinsider.com/openai-bets-big-on-humanoid-robots-with-figure-ai-2024-2" data-analytics-product-module="body_link" rel="">Figure</a>, a Jeff Bezos-backed startup developing humanoid robots, <a target="_blank" href="https://www.businessinsider.com/elon-musk-xai-hiring-spree-ai-tutors-2024-10" data-analytics-product-module="body_link" rel="">xAI</a>, an artificial-intelligence firm founded by Elon Musk, and OpenAI, the maker of ChatGPT.</p> <figure class="figure image-figure-image " data-type="img" data-e2e-name="image-figure-image" data-media-container="image" itemscope="" itemtype="https://schema.org/ImageObject"> <div class="lazy-holder " style="padding-top: calc(100% * 2034 / 2712)"> <meta itemprop="contentUrl" content="https://i.insider.com/672293c1a0a0cc14f2251576"> <img class="lazy-image " src="data:image/svg+xml,%3C%3Fxml version='1.0' encoding='UTF-8'%3F%3E%3Csvg xmlns='http://www.w3.org/2000/svg' width='1' height='1'/%3E" data-content-type="image/jpeg" data-srcs="{"https://i.insider.com/672293c1a0a0cc14f2251576":{"contentType":"image/jpeg","aspectRatioW":2712,"aspectRatioH":2034}}" alt="Elon Musk SpaceX"> </div> <span class="image-source-caption "> <figcaption class="image-caption headline-semibold" data-e2e-name="image-caption"> SpaceX, founded by Elon Musk, is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets. <span class="image-source headline-regular" data-e2e-name="image-source" itemprop="creditText"> David McNew/Getty Images </span> </figcaption> </span> </figure> <p>It raises the question of why aging startups SpaceX, Epic Games, and Databricks, which have raised billions in funding, bother to include Ark in new rounds. SpaceX is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets, worth around $9 million.</p><p>Winton said it's a subject he's frequently addressed in early meetings with founders.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-4" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-4-plus/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-4" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-4-plus/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-4-plus","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>First, Ark produces reams of <a target="_blank" href="https://www.ark-funds.com/articles" data-analytics-product-module="body_link" rel=" nofollow">original research</a> on areas of investment. Winton said this research helps the firm win over teams because it demonstrates a grasp of their breakthrough technologies. "It means we can engage in really constructive conversations with them about their strategy," Winton said.</p><p>Second, because Ark invests in both the private and public markets, it offers relationships with potential customers across the size spectrum of enterprises.</p><p>Lastly, unlike a traditional venture fund, which has a fixed lifespan to invest the capital and return the profits to the fund's investors, Ark set up its venture fund to continue indefinitely, allowing investors to enter and exit the fund on a periodic basis.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-5" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-4-plus/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-5" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-4-plus/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-4-plus","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>This provides flexibility to hold shares of companies after they go public, which can be particularly attractive for founders who are looking for investors with a long-term outlook and a higher tolerance for market volatility.</p><p>In October, Ark invested at least $250 million into OpenAI's latest round, which pushed the AI startup's valuation to $157 billion.</p><p>Most of that investment came from a related private venture fund that's only for high-net-worth investors. OpenAI makes up just 5% of the Ark Venture Fund's portfolio, which means it has less than $4 million invested.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-6" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-4-plus/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-6" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-4-plus/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-4-plus","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>"We would prefer to be able to write larger checks out of the venture fund than we currently can," Winton said.</p><p>For that to happen, the fund will need to attract more investors.</p><p>Though the fund is up 36% since its inception date, it's down 3% year to date, according to the website. The S&P 500 in comparison is up 26% this year, with surging tech stocks and <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-election-win-stock-market-today-record-high-sp500-dow-2024-11?_gl=1*nfthw5*_ga*MTQ0NjYxMDEzMC4xNzIyMzAwMzYy*_ga_E21CV80ZCZ*MTczMTM0MjA0MC4yNDUuMS4xNzMxMzQyMDY4LjMyLjAuMA.." data-analytics-product-module="body_link" rel="">Donald Trump's election win</a> driving record highs.</p><div class="in-post-sticky only-desktop"><div class="ad-callout-wrapper only-desktop"> <div class="ad-label headline-regular only-desktop">Advertisement</div> <div data-bi-ad="" id="gpt-post-tech-desktop_in_post_ad-desktop-fluid-7" class="ad ad-wrapper fluid in-post only-desktop" data-force="" data-type="ad" data-adunit="businessinsider.desktop/post/in-content-4-plus/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Desktop In Post Ad" data-responsive="[{"browserLimit":[728,0],"slotSize":[[300,250],"fluid"]},{"browserLimit":[1260,0],"slotSize":[[728,90],[300,250],[800,480],[600,480],"fluid"]}]" data-tile-order="tile-7" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.desktop/post/in-content-4-plus/tech","region":"Desktop In Post Ad","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"in-content-4-plus","rawvert":""}" data-amazontamsizes="[[728,90],[300,250]]" data-enable-ad-refresher="true" data-refresh-count="0"></div> </div></div><p>Ark Venture Fund charges a flat fee for investing assets under its control, the same as a venture fund. The fee, 2.75%, is high relative to other interval funds, according to Morningstar, but it doesn't take carried interest or a share of profits.</p><p>Winton said the fund could accrue assets into the billions of dollars; on a follow-up call, he walked back his comment, saying it's hard to know how big the fund could get.</p><p>"If that happens, then that'll actually become the story of Ark," he said. "Ark kind of changed venture capital."</p> </div> </div> </div> </section> </div> <section class="post-content-more"> <section class="dad-related-posts-component at-post-bottom related-posts" data-component-type="dad-related-posts" data-delay-third-party-scripts="true" data-size="3" data-container-index="" data-included-verticals="tech" data-placement="post-bottom" data-excluded-verticals="bi-video" data-root-margin="250px 0px" data-track-view="{"element_name":"end_of_article_recirc","product_field":"bi_value_unassigned"}" > <div class="content-recommendations-title-container"> <h2 class="content-recommendations-title headline-semibold ignore-typography "> Read next </h2> </div> <div class="dad-related-posts-container content-recommendations-container"></div> </section> </section> <section class="category-wrapper headline-regular" data-track-click-shared="{"product_field":"bi_value_unassigned","event":"navigation","element_name":"category_link"}" > <a class="category-link not-content-link" href="/category/ark-invest" data-track-click >ARK Invest</a> <a class="category-link not-content-link" href="/category/venture-capital" data-track-click >Venture Capital</a> <a class="category-link not-content-link" href="/category/openai" data-track-click >OpenAI</a> <div class="category-more-icon category-link" data-track-click="{"click_text":"More","click_path":"bi_value_unassigned"}" data-component-type="category-tags" > More... </div> </section> <div class="ad-callout-wrapper only-mobile"> <div class="ad-label headline-regular only-mobile">Advertisement</div> <div data-bi-ad id="gpt-post-tech-mobile_article-mobile-fluid-1" class="ad ad-wrapper fluid only-mobile" data-force="" data-type="ad" data-adunit="businessinsider.mobile/post/after-content/tech" data-secvert="startups,artificial-intelligence" data-tag="limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex" data-authors="melia-russell" data-region="Mobile Article" data-responsive="[{"browserLimit":[0,0],"slotSize":[[320,50],[320,100],[300,250],[300,50]]}]" data-tile-order="tile-0" data-url="/ark-venture-fund-cathie-wood-ai-2024-10" data-template="default" data-targeting="{"adunit":"businessinsider.mobile/post/after-content/tech","region":"Mobile Article","tag":"limited-synd,ark-invest,cathie-wood,venture-capital,openai,anthropic,spacex","template":"default","dvp_spos":"after-content","rawvert":""}" data-amazontamsizes="[[320,50],[320,100],[300,250],[300,50]]" data-enable-ad-refresher="true" data-refresh-count="0" ></div> </div> <section class="post-content-bottom taboola-feed" data-track-page-area="Post Bottom" >  <vendor-taboola class="component taboola js-only-desktop" data-component-type="vendor-taboola" data-root-margin="0px 0px 100% 0px" data-consent="MARKETING" config="{"providerName":"taboola","providerPageType":{"article":"auto"},"providerUrl":"//cdn.taboola.com/libtrc/businessinsider/loader.js","providerFlushValue":{"flush":true},"providerData":{"mode":"thumbs-1r","container":"taboola-below-main-column","placement":"below-main-column","onlyOn":"desktop","target_type":"mix"}}" data-load-strategy="content-wall-decision-lazy" > <section class="taboola-container targeted-recommended only-desktop taboola-below-main-column" id="taboola-below-main-column" data-e2e-name="taboola-below-main-column" data-track-event-label="rec-taboola-taboola-below-main-column" > </section> </vendor-taboola>  </section> <sticky-footer-ad class="component sticky-footer-ad" data-offset-scroll-value="1" data-region="Mobile Sticky Lower" data-component-type="sticky-footer-ad" data-load-strategy="exclude" data-refresh-interval="" data-hide-when=".taboola-feed,footer,[data-is-interscroller]" > <div class="ad-close-icon" data-action="close" aria-label="Close this ad" ><svg class="svg-icon close-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 17.2 17.1"> <title>Close icon</title> <desc>Two crossed lines that form an 'X'. 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