Block (NYSE: SQ) is refocusing its efforts on its Cash App and Square business ecosystems, with a focus on profitability and shareholder value.
SoFi (NASDAQ: SOFI) showed impressive business momentum in the third quarter, with a 47% year-over-year growth in its membership base and a 27% increase in revenue. The company is also heading towards profitability, with an improved adjusted EBITDA margin.
Redfin's (NASDAQ: RDFN) company is making strategic moves to boost profitability. Despite a revenue decline, Redfin's net loss dropped, and it was profitable on an adjusted EBITDA basis. The company sees a massive long-term opportunity for disruption in the real estate market.
These stocks (Block, SoFi, Redfin) are likely to be volatile in the foreseeable future, and investors should be prepared for turbulence. Positive or negative surprises in growth rates, profitability, or other key metrics could impact stock prices quickly.