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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Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an 87% share of the global search market. The company has diversified far beyond search engines in the past two decades. It reorganized in 2015 and
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Microsoft Corp., one of the world’s biggest tech companies, sells personal computing devices, cloud systems and services, software and other products. Microsoft is listed on the Nasdaq exchange under the ticker symbol, MSFT. The company was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later,
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Amazon.com Inc. is a global leader in e-commerce and cloud computing, and one of the largest companies in the world. Amazon is listed on the Nasdaq exchange under the ticker symbol, AMZN. The company was launched by founder Jeff Bezos in 1994 as an online bookstore, but it has since ballooned into the world’s largest e-commerce company that sells virtually everything,
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