Should You Buy the Dip in SoFi Technologies Under $20? -Breaking
SoFi Technologies, a personal finance startup, went public via a reverse merger in June 2021. However, the stock’s price has since slumped. Is SOFI a good investment? You can read more about SoFi Technologies, Inc., a personal finance company, which is located in San Francisco, became public through an SPAC agreement with Social Hedosophia Corp V. This merger has an $8.65 Billion (including debt) value. On its debut day of trading, the stock saw a 4.22% increase in value. However, the stock has lost 24.6% since then to close Friday’s trading session at $15.19.
SOFI is an important competitor Robinhood Markets Inc. (NASDAQ:). Social Hedosophia CEO Chamath Palihapitiya, founder and CEO of Social Hedosophia, has criticized HOOD several times and recommended that Robinhood users remove the app from their phones and use SOFI instead.
HOOD, however, has maintained its leadership position in capital and financial markets with 18.90 million active users per month as of September 2021.
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