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CLASS ACTION ALERT: Faruqi & Faruqi, LLP Reminds Klarna (KLAR) Investors of Pending Class Action Lawsuit
TMX Newsfile· 2026-01-24 12:33
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Klarna Group plc due to allegations of violations of federal securities laws related to misleading statements and inadequate disclosures regarding loss reserves following its IPO [2][5]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses in Klarna to contact them to discuss their legal options [1]. - A federal securities class action has been filed against Klarna, with a deadline of February 20, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Klarna and its executives materially understated the risk of increased loss reserves shortly after the IPO, which they either knew or should have known [5]. Group 2: Financial Performance and Market Reaction - Klarna reported a net loss of $95 million in its first earnings report since going public, while setting aside $235 million for loan loss provisions, exceeding analyst estimates of $215.8 million [6]. - Provisions for loan losses represented 0.72% of gross merchandise volume, an increase from 0.44% a year ago [6]. - Following the earnings report, Klarna's stock fell by 9.3% on November 18, 2025 [6]. Group 3: Whistleblower and Information Gathering - The firm is also encouraging anyone with information regarding Klarna's conduct, including whistleblowers and former employees, to come forward [8].
Should You Forget Robinhood and Buy SoFi Instead?
The Motley Fool· 2026-01-24 10:00
Core Viewpoint - SoFi is positioned as a more resilient investment compared to Robinhood, particularly in the face of potential economic downturns due to its diversified service offerings and customer base growth [1][8]. Company Performance - SoFi has expanded its customer base to 12.6 million, marking a 35% increase year-over-year [3]. - Revenue for SoFi rose by 38% to $950 million, with non-GAAP adjusted earnings increasing by 120% to $0.11 per share [4]. - Robinhood's revenue doubled to $1.2 billion, and diluted earnings per share surged by 259% to $0.61 [4]. Service Diversification - SoFi offers a broad range of financial products, including student loan refinancing, personal loans, credit card consolidation, and renters insurance, which may help it withstand economic slowdowns [9][11]. - In contrast, Robinhood's revenue is heavily reliant on trading activities, particularly options and crypto trading, which accounted for 78% of its transaction-based revenue in Q3 [11]. Market Conditions - The market has been on a bull run since 2022, and Robinhood has not yet faced a market downturn, which could pose risks when economic conditions change [12]. - Economic indicators suggest potential challenges ahead, including job layoffs reaching a four-year high in 2025, which may affect Robinhood's trading volume as customers may reduce riskier investments [12][13]. Investment Recommendation - Given the current economic landscape and service diversification, adding SoFi to an investment portfolio may be a more prudent choice compared to Robinhood [13].
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Klarna Group plc Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KLAR
TMX Newsfile· 2026-01-23 22:58
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Klarna Group plc about a class action lawsuit related to the company's September 2025 IPO, with a lead plaintiff deadline set for February 20, 2026 [1]. Group 1: Class Action Details - Investors who bought Klarna securities may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the firm directly [3][6]. - The lawsuit alleges that the Registration Statement contained false or misleading statements regarding Klarna's loss reserves, which were understated, leading to investor damages when the true information became public [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been recognized as a leader in the field of securities class action litigation [4].
Revolut Drops US Bank Merger Plan, Will Pursue Standalone License — Could This Speed Up Its Crypto Expansion?
Yahoo Finance· 2026-01-23 18:44
Fintech unicorn Crypto-friendly Revolut is dropping its planned acquisition of an American bank in favor of an independent banking license on its way to expand in the US market, the Financial Times reported on Friday. The report referred to individuals who are knowledgeable of the issue that Revolut has been negotiating with authorities in the U.S. regarding submitting an application to obtain a bank license via the Office of the Comptroller of the Currency (OCC). The shift comes as regulatory attitudes ...
INVESTOR NOTICE: Klarna Group plc (KLAR) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-01-23 17:22
The Klarna class action lawsuit alleges that the IPO's offering documents were materially false and/or misleading and/or omitted to state that Klarna materially understated the risk that its loss reserves would materially go up within a few months of the IPO, which defendants either knew of or should have known of given the risk profile of many individuals agreeing to Klarna's buy now, pay later loans. SAN DIEGO, Jan. 23, 2026 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that p ...
COF Earnings & Brex Acquisition, FTNT & SPOT Upgrades
Youtube· 2026-01-23 15:00
We continue to take a look at names that are on the move on earnings and I'm joined now by Diane King Hall and we want to look first at Capital One and acquisition news. Good morning. >> Yeah, it's got a lot swirling around this uh one because the reported earnings, but baked into the earnings was this acquisition.So the shares are actually under pressure right now off the back of its quarterly report card and news of this acquisition because investors are trying to digest this make heads or tails of what t ...
SoFi Technologies (NASDAQ: SOFI) Price Prediction and Forecast 2026-2030 (Jan 23)
247Wallst· 2026-01-23 13:50
SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer stated at a conference last year that the fintech company is targeting 30% member growth and 20% revenue growth. Its stock is trading marginally lower than a week ago. A proposed 10% credit interest cap could boost fintech companies, but SoFi faces some profit-taking pressure due to its premium valuation compared to peers. Also, the company has announced a strategic partnership with GoTu Technology, a marketplace for dental professionals. The s ...
OLB Group Inc. Announces Pricing of $1.3 Million Registered Direct Offering of Common Stock and Warrants
Accessnewswire· 2026-01-23 13:30
NEW YORK CITY, NY / ACCESS Newswire / January 23, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced that it has entered into a securities purchase agreement for the purchase and sale of 2,166,666 shares of its common stock at purchase price of $0.60 per share for an aggregate price of approximately $1.3 million before deducting commissions and expenses of the offering. In additi ...
Wall Street Breakfast Podcast: Winter Storm, Carts Filling
Seeking Alpha· 2026-01-23 11:49
madsci/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Winter storm watch: Costco (COST) is set to benefit from the pantry-loading phenomenon. (00:14) Capital One (COF) to buy fintech Brex for $5.15B. (02:18) Earnings Snapshot: Intel (INTC) tops Q4 estimates but initiates Q1 outlook below forecast. (03:01) This is an abridged transcript. A winter storm is set to rock the South, Midwest, and Northeast parts of the U.S. from today through Monday. According to ...
PayPal to acquire Cymbio in push for AI-driven e-commerce
Yahoo Finance· 2026-01-23 11:23
PayPal Holdings has agreed to acquire Cymbio, a company that provides multi-channel orchestration technology for brands selling through various digital and AI-powered platforms, such as Microsoft Copilot and Perplexity. Financial terms of the deal remain undisclosed. The transaction is expected to close in the first half of 2026, pending standard regulatory approvals. Cymbio, based in Israel and established in 2015, has developed technology that enables brands to connect with multiple marketplaces, onl ...