What s next for SoFi stock after Chamath Palihapitiya SPAC merger?
SoFi s [SOFI] stock has received growing levels of retail investor attention on social news platform Reddit recently, but unlike GameStop [GME] and others, don t think of it as just another short-squeeze target.
SoFi (short for Social Finance) Technologies is a US mobile-first fintech firm created in 2011 by four Stanford University students to disrupt the student loans sector. Since then, the company has added a range of financial services, and is now more akin to a digital bank, offering mortgages and personal loans, plus stocks and cryptocurrency trading.
Sofi s stock closed up 12.41% at $22.65 on its first day of trading after going public by merging with Social Capital Hedosophia Corp V, a special purpose acquisition company (SPAC) run by venture capitalist Chamath Palihapitiya. (더 보기…)
