Better Fintech Stock: Robinhood vs. SoFi Technologies
Robinhood Markets (NASDAQ: HOOD) and SoFi Technologies (NASDAQ: SOFI), which both went public in 2021, aim to shake up traditional financial institutions. Robinhood challenges traditional brokerages with its commission-free trades and gamified approach to investing. SoFi challenges banks as a one-stop digital shop for loans, insurance policies, estate planning services, credit cards, banking services, and stock trading tools.
Yet, Robinhood and SoFi went in different directions after their public debuts. Robinhood, which went public via a traditional initial public offering (IPO) at $38, now trades at about $94. SoFi, which went public by merging with one of Chamath Palihapitiya's special purpose acquisition companies (SPACs), opened at $21.97 on the first day but now trades at less than $19 a share.
Let's see why the bulls embraced Robinhood over the past four years but shunned SoFi -- and if it's still the stronger fintech investment.
Source Fool.com
