Revolut Will Let Former Staff Sell Stock in Secondary Sale
  • November 28, 2024

Revolut Will Let Former Staff Sell Stock in Secondary Sale

(Bloomberg) -- Revolut Ltd. has told its former staff they can participate in a secondary share sale, allowing them to cash in at the finance firm’s latest $45 billion valuation. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasFormer employees were told this week that anyone who’d been at the fintech for at least 24 months and held $100,000 or more i

SOFI Stock’s Sky High Valuation Can’t be Justified by Exciting Growth
  • November 28, 2024

SOFI Stock’s Sky High Valuation Can’t be Justified by Exciting Growth

SoFi Technologies (SOFI) is a lending technology platform and consumer financial stock that has vastly outperformed the wider financial sector over the past 12 months. However, despite impressive growth expectations, I’m bearish on this Californian company. The stock’s valuation is simply too high, and the high price paid for expected growth introduces too much execution risk. It has also benefitted from the macroeconomic environment and strong sentiment, which could change. SoFi’s P/E Ratios Ar

European stocks perk up as markets slow for Thanksgiving
  • November 28, 2024

European stocks perk up as markets slow for Thanksgiving

LONDON/SINGAPORE (Reuters) -European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving holiday. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.52%, but Japan's Nikkei climbed 0.56%. European markets were boosted by a rally in tech shares after Bloomberg reported the Biden administration's curb on Chinese chips could be less severe than expected.

FTC Solar announces 1-for-10 reverse stock split
  • November 28, 2024

FTC Solar announces 1-for-10 reverse stock split

FTC Solar (FTCI) announced that it will implement a reverse stock split of its issued and outstanding Common Stock at a ratio of 1-for-10, effective at 5:00 PM Eastern Time on November 29, 2024, to satisfy the Nasdaq Capital Market’s minimum $1.00 bid price per share requirement. The reverse stock split will be effected simultaneously for all outstanding shares of the Company’s Common Stock and will affect all of the Company’s stockholders uniformly. Published first on TheFly – the ultimate sour