SoFi Stock Declines Following Mixed Earnings Report
SoFi Technologies (SOFI) stock fell up to 13% after reporting a 27% decline in tech platform revenue to $75 million, attributed to the loss of a major client, Chime (CHYM). While the company showed overall earnings growth, fee-based revenue missed expectations, leading to investor concerns.
Topics: analyst commentary client loss earnings report revenue decline stock price movement