The retail investing boom delivered platforms that promised to democratize finance. The democratization happened, but investors are now voting no.
SoFi Technologies (NASDAQ: SOFI), Robinhood (NASDAQ: HOOD), and Webull (NASDAQ: BULL) are three of the most prominent names in digital-first platforms for investors who prefer apps over branches. Yet even with some strong recent earnings and diversification, falling share prices, high expectations, regulatory risks, and economic uncertainty are clouding their outlooks.
