Sofi Technologies (NASDAQ:SOFI) posted excellent second-quarter revenue and earnings on Aug. 12. This was its first quarterly report since SOFI stock went public via a special purpose acquisition company (SPAC) reverse merger.
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Sofi now has an $11 billion market valuation but has yet to make a profit for its shareholders. As a result, SOFI stock may not live up to its reputation as a fast-growing millennial stock. For context, the millennial generation makes up most of its loan and brokerage customers.
I suspect it may take....More>>>