SoFi Technologies Stock Falls 10% Following Weak Guidance

Key TakeawaysSofi Technologies gave lower-than-expected current quarter guidance as it sees 2024 as a "transitional year."The fintech firm will rely more on profits from its Tech and Financial Services platforms and less on lending.The news offset solid profit and sales in the first quarter, and a higher full-year outlook. SoFi Technologies (SOFI) shares plunged Monday after the financial tech (fintech) firm gave worse-than-expected current quarter guidance and called 2024 a period of change. SoFi fell 10.4 ...