SoFi now supports @Solana network deposits! As the first national chartered bank where individuals can buy, sell and hold crypto, we’re helping you manage your SOL right in the SoFi app. Start now! sofi.com/crypto
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We’re about to begin our Q2’24 earnings call - we’ll be bringing you highlights from our CEO @anthonynoto and our CFO @CLapointe12. Before we begin, a reminder from our legal team:
We just announced you can 💥#InvestInIPOs💥 with SoFi Invest. We’re shaking up retail investing and allowing our members to purchase shares of companies before they're publicly traded on the stock market. us.sofi.com/InvestinIPO (1/5)
Typically, to #InvestInIPOs at the offer price, you have to be a large institutional investor. Retail investors are usually limited to buying shares in the “secondary market,” like #NYSE or #NASDAQ. (2/5)
We’re letting members get in on the IPO action at the IPO price too. Buying IPOs prior to the stock opening on major exchanges allows investors to benefit from a potential pop on the first day of trading that may sustain. This is not guaranteed. IPOs are inherently risky. (3/5)
We want to share a note about the recent volatility in the stock market. It’s as important as ever to make informed decisions when investing. You can continue to trade on our platform, and here’s some background on what’s happened over the past weeks.
Headlines are filled with the term #shortsqueeze—we want to explain what this means and how a short squeeze works. #stocks#GME
A “short” is when an investor believes a stock price will go down, so they “borrow” stock, sell it at today’s price, then buy it back in the future at a lower price in order to return the borrowed stock. With some stocks, “short selling” can become more common than normal trading