Bloomberg Technology
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.
Bloomberg Technology
Microsoft’s Big Bets on AI Start to Pay Off
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg’s Ed Ludlow and Anurag Rana of Bloomberg Intelligence report. ——– Like this video? Subscribe to Bloomberg Tech on…
Bloomberg Technology
Anthropic Weighs Offering 15%-20% of IPO to Retail Investors
Anthropic is weighing a retail offering of 15% to 20% of the shares available in the IPO, according to people familiar with the matter. Those sources say the company behind Claude has tapped JPMorgan Chase to lead the US retail offering. Bloomberg’s Ryan Gould discusses the plans with Ed Ludlow on “Bloomberg Tech.” ——– Like…
Bloomberg Technology
Investors Eye AI Payoff in Microsoft, Alphabet Earnings
Bloomberg’s Ed Ludlow breaks down expectations for Microsoft and Alphabet, which both report earnings after the bell, with Wall Street looking for proof that their massive AI investments are paying off. Plus, Bloomberg reports that Anthropic has tapped JPMorgan to lead the US retail offering for its potentially record-setting IPO. And, Apple is betting consumers…
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Man SoFi
August 14, 2021 at 1:47 am
Great work!
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.
David Ng
August 14, 2021 at 3:23 am
Go CHARGERS Go!
Juancho LMP
August 14, 2021 at 3:29 am
Great work Noto
루이
August 14, 2021 at 6:19 am
we love SOFI
chris palma
August 14, 2021 at 7:06 am
Great mission!
Zack Leong
August 14, 2021 at 3:51 pm
sofiii
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
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!
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
루이
August 14, 2021 at 11:12 pm
When individuals sell in fear
Institutional ownership jumped from 3% to almost 8%.
(Source – Fintel)
Chao Yi Cheong
August 15, 2021 at 1:05 am
thank you
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.
Ravneet Dhillon
August 15, 2021 at 1:30 pm
Stock is Decimated so there’s that for optimism