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0.00128237523689202 0.00378395451674041 0.00552116234996845 0.0161086544535692 0.00253948199620976 -0.00928616550852801 -0.0492672141503474 -0.0492798483891345
Stock impact report

SoFi joins the meme-stock party — does that mean the parents have come home? [Yahoo! Finance News]

SoFi Technologies, Inc. (SOFI) 
We’re not saying that retail investors are getting a little stale with their choices of meme stocks, but we, Social-media traders were buzzing over SoFi Technologies Inc., the online lender had won approvalThestock opened almost 20% higher on WednesdayDespite actual news being an impetus for the move, that huge trading volume and social-media attention make SoFi very meme-ish indeed.The approval gives SoFi the banking business that CEO Anthony Noto –a former senior banker at Goldman and CFO of – has been chasing since he took over at the beginning of 2018, and a turn-key way for SoFi to lower its cost of capital which is — not to be wonky — a huge thing for a company that lives and dies on the rates it can offer customers on its wide array of loan instruments.By being able to offer checking and savings accounts while simultaneously gaining access to the Fed’s discount window, SoFi is now a hybrid thing, an online student-loan refinancer that can also sell you a fixed- Show less Read more
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