Why Chime Financial Sank Today

The newly public fintech sold off on good earnings as investors took profits after a big run following its June IPO.Shares of fintech Chime Financial (CHYM -12.76%) fell on Friday, down 11.9% as of 12:00 PM EDT.Chime is a newly public fintech that had its initial public offering back on June 12. The stock garnered an enthusiastic response, jumping nearly 60% in its first few minutes of trading that day.But the stock has come off the boil since then, and while last night's earnings release showed impressive ...