EXCLUSIVE: The e-commerce payments facilitator represents a sizable target, with a market value of roughly $89 billion even after a downdraft in its shares. Read More...
Motley Fool
Why SoFi, PayPal, and Silvergate Capital Plunged on Tuesday
Shares of fintech stocks SoFi (NASDAQ: SOFI), Paypal (NASDAQ: PYPL), and Silvergate Capital (NYSE: SI) were trading lower on Tuesday, falling 4.8%, 6%, and 5.9%, respectively, as of 3:28 p.m. ET. There wasn’t much in the way of company-specific news today, although SoFi did announce an increase to the interest rate in pays to depositors. On Tuesday, the International Monetary Fund (IMF) revised its global growth outlook lower, to just 3.2%.
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