![]() A bunch of old white guys at the helm is not going to cut it. Its three main business units are all run by women, and its Chief Marketing Officer is also a woman.Ĭompanies can’t successfully grow without having employee bases that reflect their customer bases. military.Īs a believer in gender diversity, I am pleased that the SoFi management team is loaded with talented women working hard to grow the business while helping the company’s customers make smarter financial decisions. ![]() And a long time ago, he served as an Army Ranger in the U.S. Prior to joining Twitter, he was Co-Head of Goldman Sachs’ (NYSE: GS) Technology, Media, and Telecommunications investment banking unit. In 2018, Noto joined the company from Twitter (NYSE: TWTR), where he served as Chief Operating Officer for two years and as Chief Financial Officer for two years before that. But, again, that often doesn’t get baked into investors’ analysis of a company. But those who don’t like complicated investments probably shouldn’t be holding its stock.Īs for SoFi, it has a top-notch management team and board. I think it’s possible for long-term investors to win with Ackman and Pershing Square Tontine. Or they can own a fintech dynamo like SoFi that reported first-quarter revenue of $216 million, up 151%year-over-year. Investors can have PSTH stock, which has no revenue, and a market capitalization of $4.4 billion. Those executives are worth more than the current $13.5 billion market capitalization of SoFi. Its deal is certainly more complicated than the average SPAC transaction.īut Ackman could have given those who invested in his SPAC shares of SoFi, which has a top CEO, Anthony Noto, and a great leadership team. It will take a while for those who bought shares in Pershing Square Tontine to know whether their decision to back the hedge fund manager was worthwhile. The owners of PSTH stock will get shares in Universal Music Group and in a SPARC, which, according to Bloomberg, is a “special purpose acquisition rights company.” The music empire will list its shares in September. Instead, he chose to buy 10% of Universal Music Group from Vivendi (OTCMKTS: VIVHY) for $4.1 billion. V merged with SoFi, one of the top unicorns available. That was a year before Social Capital Hedosophia Holdings Corp. In June 2020, I suggested that Bill Ackman and Pershing Square Tontine Holdings (NYSE: PTSH) consider merging with SoFi.
0 Comments
Leave a Reply. |