Here's how to create desktop shortcut for iCloud folder from finder
Minimize or close all open windows.
Open Finder
Click on iCloud Drive on your sidebar to the left. (If it’s not there, go to the menu bar and choose Finder>Preferences>Sidebar and check iCloud Drive to turn it on.)
In the menu bar at the top choose “View>Show Path Bar”. This enables the path bar at the bottom of the finder window.
At the bottom of your finder window you will see “iCloud Drive”, like in the picture below.
Click, hold and drag it to your desktop and let it go.
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Here's how to create desktop shortcut for iCloud folder from finder
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