SoFi Stock Plummets After Disappointing Earnings Update – What Went Wrong?
San Francisco, CA – The financial technology company SoFi experienced a drop in stock value after disappointing second-quarter earnings outlook. The stock plummeted by 10% on Monday, causing concern among investors. Despite the setback, SoFi had previously surpassed expectations in the first quarter, leading to a triumph in earnings that exceeded projections. This achievement was a positive sign for the company, showing potential for growth and stability in the volatile market. One contributing factor to …