SoFi Technologies IncSOFI stock experienced a 15.27%drop on March 5, following the announcement of its convertible senior notes offering, aiming to raise$750 million.
The stock is seeing some recovery in pre-market trading today. Redditors, however, are discussing whether investors should buy-the-dip?
Related: SoFi Technologies Prices $750 Million Convertible Senior Notes Offering Due 2029
The news sparked discussions among Redditors, particularly in response to a post titled Buying Sofi on this dip by user Didntlikedefaultname on the r/stocks subreddit.
With Sofis recent earnings showing promise, the markets response to both post-earnings surges and convertible note offerings has stirred varying opinions among Reddit investors.Redditors Perspectives SOFI Shuffle: User doggz109 suggests a buy at $6 and a sell at $9, referring to it as the SOFI shuffle. Long-Term Hold: Valsalva64 shares their experience of gains evaporating but sees Sofi as a reasonable long-term hold. Positive Outlook: Digital-Panda foresees potential for Sofi to jump to $12 the next time it hits $9. Confidence in 2024 Projections: Birdperson15 expresses agreement with the buying opportunity, citing promising 2024 projections and the potential for 50% growth. Volatility Concerns: ironcladjogging points out Sofis volatility, expressing concerns about marketing expenses and the overall ride becoming wearisome. Bearish Take on Convertible Note Offering: Puzzleheaded-Ad319 provides a detailed analysis of Sofis recent convertible note offering, highlighting potential risks such as dilution and questioning the timing and necessity of raising capital. Caution on Convertible Note Offering: Pathogenesls emphasizes the negative implications of a convertible note offering, suggesting potential cash flow issues and shareholder dilution.
The diverse views from Redditors on Sofi stock showcase a spectrum of opinions, ranging from optimistic perspectives on future growth to cautious concerns about recent financial moves.
As investors continue to navigate the uncertainties surrounding Sofi, discussions on platforms like Reddit provide valuable insights into the sentiment and considerations of the retail investor community.
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What’s unfolding in the Palestinian village of Ras al-Ayn is more than a land dispute – according to human rights groups, it is the systematic displacement of an entire community.
Activists on the ground report a surge in violence and intimidation by Israeli settlers aimed at driving Palestinian families from their homes.
Footage captured by Rachel Abramovitz, a member of the group Looking The Occupation In The Eye, shows activists trying to block settlers from seizing control of the village centre.
Image: Palestinians say they are being forced off their land by intimidation
“They gradually invade the community and expand. The goal is to terrorise people, to make them flee,” Ms Abramovitz said.
Our visit comes as Israel said it would establish 22 new Jewish settlements in the occupied West Bank – including new settlements and the legalisation of outposts already built without government authorisation.
The settler movement traces back to 1967, when Israel captured the West Bank, East Jerusalem, Gaza, and the Golan Heights during the Six-Day War.
Settlements began as small, often unofficial outposts. Over the decades, they’ve grown into towns and cities with state-provided infrastructure, roads, and security.
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Today, 700,000 Israeli settlers live in the West Bank and East Jerusalem, in communities considered illegal under international law – a designation Israel disputes.
Since the Hamas-led attacks on 7 October 2023 and Israel’s subsequent 19-month military bombardment of Gaza, violence by Israeli settlers against Palestinians in the West Bank has escalated sharply.
According to the UN and human rights groups such as B’Tselem, the overwhelming number of these attacks are carried out with impunity, further pressuring Palestinians to flee.
Image: Salaam Ka’abneh says they face daily assaults
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Nine of Gazan doctor’s children killed
Salaam Ka’abneh, a lifelong resident of the Bedouin village of Ras al-Ayn in the Jordan Valley, says his family has lived on the land for more than 50 years. He fears they could be forced to leave.
Mr Ka’abneh said: “About a year and four months ago, settlers cut off our access to water and grazing land. They also stole more than 2,000 sheep from us in the Tel Al-Auja compound. We face daily assaults, day and night.
“They terrorise our children and women, throwing stones, firing bullets, and creating chaos with their vehicles. We are under siege. We no longer have access to pasture or water, and our sheep remain caged.”
Footage from the area shows settlers driving freely through Palestinian communities, some armed.
While the Israeli army officially governs Area C of the West Bank, where Ras al-Ayn is located, human rights groups say settler violence almost always goes unchecked.
Under international law, an occupying power is obligated to protect civilians under its control. But Sarit Michaeli of B’Tselem, an Israeli human rights group, says Israel is failing to uphold its responsibility.
“Israel doesn’t hold settlers accountable. On the contrary – settlers know that if they act violently, they’ll receive support from all branches of the government. There’s full impunity. In fact, it’s more accurate to say settlers function as a branch of the government.
“It’s daylight robbery of land – sanctioned by Israeli authorities,” Michaeli continues.
“And it amounts to ethnic cleansing – displacing large parts of the Palestinian population to make the area available for Israeli use.”
To understand more, we travelled to a hilltop outpost occupied by settlers overlooking Salaam’s village. But we did not get far. Our car was quickly surrounded, and the atmosphere turned hostile.
Image: Salaam Ka’abneh and his family has lived on the land for more than 50 years
It was clear: we were not welcome. We left with no answers but with a deeper understanding of the fear these Palestinian communities live with daily.
International pressure is growing. The British government recently imposed sanctions on several settlers, including Daniella Weiss.
Known as the ‘godmother’ of the settler movement, Weiss has been a key figure in expanding settlements across the West Bank.
“There will never be a Palestinian state between the Jordan River and the Mediterranean. Never,” Weiss declares. “We annex with facts on the ground. The goal is to block any possibility of a Palestinian state in the heartland of Israel.
“If Netanyahu wanted to stop me, he could.”
The Israeli government calls allegations of ethnic cleansing “baseless and without foundation”.
But human rights groups argue that what’s happening in the West Bank has gone far beyond creeping annexation.
Palestinian land is rapidly being consumed by settlements, military zones, and settler outposts – shrinking the space in which a future Palestinian state might one day exist.
You can watch a Sky News special programme on the conflict in Gaza on TV and mobile, at 9pm UK time, on Thursday.
It was worrying a month away from the start of the service and in comparison to Waymo, which tested its system with safety driver for 6 months and without safety drivers for another 6 months before launching in Austin earlier this year.
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Now, CEO Elon Musk has confirmed that the previous report was true as he announced that Tesla has been testing the service with “no one in driver’s seat” only for the “past several days”:
For the past several days, Tesla has been testing self-driving Model Y cars (no one in driver’s seat) on Austin public streets with no incidents. A month ahead of schedule.
He claimed that it is “a month ahead of schedule”, but he has also said that Tesla would launch the service to paid customers in June.
If true, it would imply that Tesla didn’t plan to test the service without a safety driver in the vehicle.
The CEO then added that Tesla will deliver a car to a customer from the factory using self-driving next month:
Next month, first self-delivery from factory to customer.
Tesla is planning to launch a small fleet of 10 to 20 Model Y vehicles for its robotaxi service in Austin next month.
Bloomberg recently reported that Tesla is aiming for June 12, but the date could change.
The service is expected to be using “heavy teleoperation.” Musk nor Tesla confirmed the level of teleoperation, but it could be significant as one teleoperator per car.
Over the last few days, several reports came out pointing to Tesla not having communicated important part of the planned rollout of the service to local authorities.
Electrek’s Take
At this point, I think this is either going to be fake, meaning an extremely high level of teleoperation, or a complete shit show, or both.
Musk claims to be “a month ahead of schedule” even though Tesla started testing its service without safety driver about 2 weeks before the planned start of the service. That’s ridiculous.
It’s not victory to have “no incidents” after a few days of testing. You need to have no incidents over months of testing and hundreds of thousands of miles before launching.
At this point, I’m praying that Tesla is launching this in a small geo-fenced area without highways or any high speed driving to limit potential dangers and to ensure teleoperators can increase safety. But even then, I fear there will be avoidable crashes.
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Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.
The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.
DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value of major U.S. tech stocks like AI stalwart Nvidia. These companies have since broadly recovered.
Just as was the case with DeepSeek R1’s debut, the upgraded model was also released with little fanfare. It is a reasoning model, which means the AI can execute more complicated tasks through a step-by-step logical thought process.
The upgraded DeepSeek R1 model is just behind OpenAI’s o4-mini and o3 reasoning models on LiveCodeBench, a site that benchmarks models against different metrics.
DeepSeek has become the poster child of how Chinese artificial intelligence is still developing despite U.S. attempts to restrict the country’s access to chips and other technology. This month, Chinese technology giants Baidu and Tencent revealed how they were making their AI models more efficient to deal with U.S. semiconductor export curbs.
“The U.S. has based its policy on the assumption that China cannot make AI chips,” Huang said. “That assumption was always questionable, and now it’s clearly wrong.”
“The question is not whether China will have AI,” Huang added. “It already does.”