Financial technology startup SoFi Technologies (NASDAQ:SOFI) went public as SOFI stock on Jun. 1 via a reverse-merger with a special purpose acquisition company (SPAC) called Social Capital Hedosophia Corp. V. As a result, SoFi raised $2.4 billion in cash proceeds to be used for further expansion strategies. Source: rafapress / Shutterstock.com Commonly referred to as blank-check
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The last couple weeks have been painful for cryptocurrency investors. After touching highs of almost $65,000 earlier this year, Bitcoin (CCC:BTC-USD) briefly plummeted below $30,000. Among cryptocurrency stocks, Marathon Digital (NASDAQ:MARA) stock remained relatively resilient. Source: Mark Agnor / Shutterstock.com Over the last month, MARA stock has trended higher by 24%. During the same period,
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FinTech leader SoFi Technologies (NASDAQ:SOFI) recently completed its merger with special purpose acquisition company (SPAC) Social Capital Hedosophia V. This caused IPOE stock to convert into SOFI stock, beginning SoFi’s official run as a publicly traded company. Source: rafapress / Shutterstock.com SoFi was an impressive merger partner for the “King of SPACs,” Chamath Palihapitiya. The private
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Self-billed as one of the largest e-commerce marketplaces in the world, I can fundamentally appreciate the bullish catalyst supporting Contextlogic (NASDAQ:WISH) today. Particularly in the age of the novel coronavirus, online businesses offer tremendous appeal. That said, most speculators probably aren’t thinking about the fundamentals when it comes to WISH stock. Source: sdx15 / Shutterstock.com
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