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SoFi’s CEO Anthony Noto thinks the stock should be trading at over 5x tangible book value, but right now it’s sitting at just 2x.
On @Futurenvesting’s podcast, he pointed out that even boring old banks with low-double-digit returns already trade at 2x tangible book—basica
Dan Niles is calling out the whole “memory isn’t cyclical” thing as a straight-up lie.
People say customers are locking in years of supply at premium prices now—but that’s literally what went down during COVID. In 2022, microchip makers pushed long-term contracts, then b
PayPal just dropped Q2 earnings and crushed it 🚀
- Earnings per share: $1.38 vs $1.27 expected ✅
- Revenue: $8.68B vs $8.46B expected ✅
- Operating income: $1.51B vs $1.43B expected ✅
- Venmo volume: $93.81B vs $90.12B expected ✅
- Total payments: $486.45B vs $474.59
21 new lenders just joined SoftBank's $40 billion loan for OpenAI 🏦
SoftBank is borrowing $40B to fund its OpenAI investment, and now 21 more banks hopped on board during the wider syndication.
These new players got about $7B of the total. First Abu Dhabi Bank, GIC, and S