On Thursday, Cathie Wood-led Ark Invest made significant trades in Amazon.com Inc (NASDAQ:AMZN) and Reddit Inc (NYSE:RDDT), amidst notable developments in both companies. The Amazon.com Trade: Ark Invest’s ARK Next Generation Internet ETF (NYSE:ARKW) fund purchased a substantial 53,368 shares of Amazon. This move comes in the wake of Amazon’s recent acquisition of NBA media rights as part of a $76 billion 11-year deal. This strategic move is expected to boost subscriber numbers for Amazon’s Prime Video streaming platform. The value of this trade, based on Amazon’s closing price of $185 on Thur…