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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

Anthropic Gets A Warning, SpaceX Shares Fall on Fourth Day | Bloomberg Tech 6/17/2026

Bloomberg’s Ed Ludlow discusses US Commerce Secretary’s warning to Anthropic that it needs government permission to grant foreign nationals access to the company’s most advanced AI models. Plus, after three days of soaring, SpaceX shares come back down to Earth and drop for the first time on the company’s fourth trading day. And, Bloomberg reports…

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Bloomberg’s Ed Ludlow discusses US Commerce Secretary’s warning to Anthropic that it needs government permission to grant foreign nationals access to the company’s most advanced AI models. Plus, after three days of soaring, SpaceX shares come back down to Earth and drop for the first time on the company’s fourth trading day. And, Bloomberg reports Apple’s upcoming camera-equipped AirPods will launch in late 2027 as part of a flurry of new releases.

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00:00:00 – Bloomberg Tech Begins
00:01:43 – Mike Shepard, Bloomberg News
00:04:22 – Kailey Leinz, Bloomberg News
00:07:21 – Uday Cheruvu, Harding Loevner
00:13:22 – Antonio Neri, HPE President & CEO
00:20:06 – Carmen Reinicke, Bloomberg News
00:23:59 – Michael Regan, Bloomberg News
00:26:38 – Mark Gurman, Bloomberg News
00:32:29 – Dan Roelker, Observable Space CEO
00:38:57 – Mackenzie Lystrup, Peridot Services
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“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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Orbital Data Centers Face Real Challenges, Says Peridot

Makenzie Lystrup, principal consultant at Peridot Services and former director for the Goddard Space Flight Center, NASA’s primary hub for building and operating scientific satellites, says energy and heat present real challenges for orbital data centers and SpaceX ambitions. She joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Makenzie Lystrup, principal consultant at Peridot Services and former director for the Goddard Space Flight Center, NASA’s primary hub for building and operating scientific satellites, says energy and heat present real challenges for orbital data centers and SpaceX ambitions. She joins Ed Ludlow on “Bloomberg Tech.”
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Challenges for Radio Communication in Space

Elon Musk wants to put data centers in space starting in 2028, but space presents challenges for compute, including communication between satellites and the ground. Dan Roelker, former head of software engineering at SpaceX, set out to address this problem when he co-founded Observable Space. He joins Ed Ludlow on “Bloomberg Tech.” ——– Like this…

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Elon Musk wants to put data centers in space starting in 2028, but space presents challenges for compute, including communication between satellites and the ground. Dan Roelker, former head of software engineering at SpaceX, set out to address this problem when he co-founded Observable Space. He joins Ed Ludlow on “Bloomberg Tech.”
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