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SoFi Shares Plunge 13% on Wider-Than-Expected Loss Per Share

The competition in Fintech is heating up as more people look to alternatives for traditional investing. Bloomberg’s Emily Chang speaks with SoFi CEO on the future of finance and the company’s bet on crypto.

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The competition in Fintech is heating up as more people look to alternatives for traditional investing. Bloomberg’s Emily Chang speaks with SoFi CEO on the future of finance and the company’s bet on crypto.

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21 Comments

21 Comments

  1. Man SoFi

    August 14, 2021 at 1:47 am

    Great work!

  2. William Kim

    August 14, 2021 at 2:37 am

    Square or Paypal should try to acquire Sofi and Robinhood.

    • adhd trader

      August 14, 2021 at 10:19 pm

      I dont think square (cash app) wld need it, they already have investing/crypto options, credit card etc.

  3. David Ng

    August 14, 2021 at 3:23 am

    Go CHARGERS Go!

  4. Juancho LMP

    August 14, 2021 at 3:29 am

    Great work Noto

  5. 루이

    August 14, 2021 at 6:19 am

    we love SOFI

  6. chris palma

    August 14, 2021 at 7:06 am

    Great mission!

  7. Zack Leong

    August 14, 2021 at 3:51 pm

    sofiii

  8. Josh Galt

    August 14, 2021 at 4:51 pm

    Such a great growth story so far. I can’t understand why the market has caused your stock to tank by $8bn in the past two months. $MQ does the same thing as Galileo, and both are showing similar revenues and annual growth. But $MQ is worth more than $SOFI+Galileo combined 🤷‍♂️

    • NzmAnh Dee

      August 14, 2021 at 9:50 pm

      Got shorted

    • Ravneet Dhillon

      August 15, 2021 at 1:30 pm

      its like Slack, beloved product, bad stock

  9. Steven H.

    August 14, 2021 at 4:52 pm

    Sofi has so much potential!! We need more GenZ and millennials on the platform ❗️ many say that app looks boring.

    • Michael Thompson

      August 14, 2021 at 8:04 pm

      It is a little “flat” I agree but I got over it pretty easily. I think there needs to be a stronger focus on more “analytics” whether it be regarding their lending, stocks or crypto.

      Possibly as customizable view instead of having “random” items showing up on my “home”.

    • adhd trader

      August 14, 2021 at 10:17 pm

      What are the advantages of using sofi?

    • Steven H.

      August 15, 2021 at 1:28 am

      @Michael Thompson yes!

    • Steven H.

      August 15, 2021 at 1:29 am

      @adhd trader early access to IPO at good price. Fractional shares. Online banking. Crypto. Lending. Debit card. It has it all!

  10. art chiu

    August 14, 2021 at 9:01 pm

    needs to growth faster as sofi still making >80% of profits on lending, needs more cross selling to higher margin businesses like credit cards, insurance, investing, crypto, as well as cross selling via partnerships. the sofi app UI is busy…needs more members to compete

  11. 루이

    August 14, 2021 at 11:12 pm

    When individuals sell in fear
    Institutional ownership jumped from 3% to almost 8%.
    (Source – Fintel)

  12. Chao Yi Cheong

    August 15, 2021 at 1:05 am

    thank you

  13. 루이

    August 15, 2021 at 6:00 am

    ‘SOFI’ executes Amazon flywheel strategy to create a ‘SOFI World’ and lifetime customer lock-in strategy.
    So ‘SOFI’ will be a huge financial company in 10 years.

  14. Ravneet Dhillon

    August 15, 2021 at 1:30 pm

    Stock is Decimated so there’s that for optimism

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Bloomberg Technology

Intel Rebuffs Arm, China Tech Stocks Soar | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm,…

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Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm, who supports the US AI efforts to expand, even with foreign investment.

Chapters:
00:00:55 – Arm Rebuffed by Intel on Buying Unit
00:27:00 – Fivetran CEO George Fraser
00:35:47 – DirecTV, Dish Said Close to Merger Deal
00:39:46 – Lackluster Reception to iPhone 16
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Apple’s iPhone 16 Receives a Lackluster Reception

Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like…

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Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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China Stocks Set for Best Week Since 2022

Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona…

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Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona Cincotta, City Index Senior Analyst joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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