Everyone Is Talking About This Stock. Is It a Good Long-Term Option?
There are certain stocks that get a lot of buzz. Some, like Tesla or Apple, for example, get it for obvious reasons -- they are among the largest companies and biggest brands in the world. Others you may hear a lot about but aren't exactly sure why -- as they might be smaller companies you're unfamiliar with.
SoFi Technologies (NASDAQ: SOFI) likely falls into the latter category for many people. Maybe you have seen the company's ads or its name on the Los Angeles Rams football stadium. Or maybe you have come across the name on The Motley Fool or in investing publications and wondered, What is all the buzz about? The reasons for the buzz are two things, in particular, that make SoFi stand out among its competitors.
SoFi Technologies is a financial technology company, or fintech, that started out in 2011 as a student loan lender. Over the years, it has branched out to offer personal loans, mortgages, banking services, investments, personal finance tools, direct deposits, and other services -- all through its SoFi app. The company went public in June of 2021.
Source Fool.com
