Elon Musk's acquisition of social media site Twitter garnered a lot of press, but we are seeing an uptick in announcements from companies like Meta Platforms and Amazon.com. With layoffs and people working from home, are office real estate investment trusts (REITs) like Alexandria Real Estate Equities (NYSE: ARE) in trouble? Alexandria Real Estate Equities is an office REIT that focuses on life sciences and tech space. Read More...
Motley Fool
Will SoFi Hit $10 in 2023?
It has been a difficult year for SoFi (NASDAQ: SOFI) shareholders, with shares of the one-stop-shop financial services company down a whopping 70% so far this year. Like most tech and fintech stocks, the company has struggled in the face of rising interest rates, volatile market conditions, and a bleak economic outlook including the potential for a recession sometime in 2023 or 2024. The company has also taken several big steps, including completing its purchase of Golden Pacific Bancorp and its accompanying bank charter at the very start of this year.
