6/8/2024, 2:04:04 pm

SoFi Just Crushed Earnings. So Why Is the Stock Down?

SoFi Technologies (NASDAQ: SOFI) has beat its guidance in the second-quarter earnings, but investors are selling, causing a 3% decline in shares as of article time. Despite this, SoFi's growth plan continues to take shape, driven by its aggressive acquisition of customers in Gen Z and millennial demographics, and financial services generating 80% year-over-year growth.