09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

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5 New Baby Gifts (That Are More Useful Than Clothes)

Of course, there’s nothing wrong with giving expectant parents baby clothes (and those adorable little outfits can be so tempting to buy!). But, babies grow out of clothing quickly. Depending upon how fast they grow, you may purchase clothing that seasonally just doesn’t match with the baby’s size—and so, they never get worn.

Instead of buying the first cute outfit you see, think about a gift that might be more impactful than clothes. We’ve compiled five new baby gift ideas that are both thoughtful and practical—and go beyond the onesie.

These gifts range from those that can meet an immediate need to those that help parents to plan for their child’s future. Each of these ideas will work just as well as new baby girl gifts as they do for baby boys (and vice versa!).

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Should You Take a Higher Paying Job With a Longer Commute?

You’ve been looking for a new gig for ages. Finally, you score a job offer. And it sounds amazing. You’re passionate about the work the company is doing, there are plenty of perks, and you really seemed to jibe with the folks you met during the interview process.

There’s just one downside: the commute. The hours you’ll potentially have to spend in the car driving to and from work have you wondering, “How far should I travel for work?”

The average commute time in the U.S. has been rising steadily over the past few years. The latest data from the U.S. Census Bureau’s 2017 American Community Survey, shows that average commute times are now at 26.9 minutes, up from 26.6 minutes the year before. For the nearly 14 million Americans who spend an hour or more traveling to work, a 26-minute commute might be a welcome trade.

You may have already weighed your dream job versus the salary, too. If the job you’re considering also pays more, you might want to review the pros and cons. Weighing these factors could help you determine if the pay increase is worth the extra commute. If it’s time to leave your job and you are willing to put in more drive time for something better, there are a few things you could examine before signing your offer letter.

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The Lyft IPO: What Happened and What to Do Next

When ride-sharing app Lyft went public with an Initial Public Offering (IPO) March 28, 2019 , the story was probably supposed to follow the same script as other tech unicorn companies (think Facebook and Etsy).

For these companies, the IPO meant a big cash raise and the debut of stocks that would surge in value. Facebook raised over $16 billion its first day and is currently trading around $190 a share. Etsy opened at $16 and nearly doubled the first day.

The IPO, the first time publicly traded stocks are offered for sale, can be a time of hope and celebration. Founders and early investors are hoping to make money, and individual investors have the opportunity to finally buy a share of a company they’re passionate about.

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The Company Chat: IPO Boom of 2019

Industry insights, IPO updates, and fun facts about some of the world’s favorite firms.

So far, you might describe 2019 as the year of the unicorn companies. These are startup companies valued over $1 billion, and many of them—like Lyft, Beyond Meat, and Zoom—are hitting the market for the first time. But what’s driving this current trend in IPOs, and will it continue?

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What’s Next for Uber Stock?

For some, Uber’s initial public offering (IPO) has been a major disappointment so far. The ride-sharing company, which has disrupted the transportation industry, went public on May 10, 2019 and its stock price immediately began to fall. Here’s a look at what happened and some factors that may have caused Uber’s IPO tumble.

What Happened with Uber’s IPO?

On Thursday afternoon, Uber set its IPO price at $45 a share . At that price, the company had a projected value of $82.5 billion .

However, when the markets opened on Friday morning, the stock immediately began trading at 6.7% below the IPO price at $42 a share. By the end of trading, the stock was down 7.6% below , closing at $41.57. The company raised $8.1 billion in its IPO, which gave it an initial valuation of $76.5 billion .

The stock fared no better on its second day of trading. Prices slid another 11% , or $4.47, to end at $37.10, or 18% lower than the IPO price. And though the stock price had recovered a bit by the end of its third day of trading, closing at $39.96, that was still well below its opening share price on Friday.

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