Bloomberg Tech White House Calls Out Amazon, SoFi CEO Weighs in on Earnings and Regulation
9 snips
Apr 29, 2025 AI Snips
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White House Denounces Amazon's Tariff Plan
- The White House viewed Amazon's reported plan to show tariff costs as a hostile political act.
- Amazon denied the plan for the main site, with the discussion limited to a low-cost goods service only.
SoFi's Expanding Loan Platform
- SoFi's loan platform business grew rapidly, generating $96 million in revenue in the quarter.
- They plan to expand by leveraging declined loans and expect over $1 billion in revenue eventually.
Favorable Fintech Regulation Ahead
- The regulatory environment under the current administration is improving for fintech.
- This will allow SoFi to offer new products like crypto lending and stable coin services.