SoFi Technologies Inc (NASDAQ:SOFI) shares hit a new 52-week high on Monday, capping a period of significant gains in June despite a quiet session for company-specific news. Here’s what investors need to know.
Elon Musk announced that X will transition to charging advertisers based on vertical screen size, marking a significant shift in the platform's revenue strategy as the company works to restore advertising income to pre-acquisition levels.
SoFi shares are trading marginally lower Friday morning, but still up 5.7% for the week. The stock has been extending a recent rally powered by strong guidance.
Social media platform X, formerly known as Twitter, is planning to roll out features that allow users to trade and invest directly from the app, according to CEO Linda Yaccarino.
Venture capitalist Chamath Palihapitiya sparked debate on social media by polling followers about launching another Special Purpose Acquisition Company, with 70.7% of 55,458 respondents voting "no" amid warnings about his troubled SPAC track record.
SoFi stock is surging over 5% Wednesday afternoon. The stock is being fueled by a combination of strong company guidance and potentially a favorable macroeconomic environment.
